Recent price improvement! Waterfront living on the Clermont Chain of Lakes — move-in ready, fully remodeled home with private dock and boat lift. Seller is motivated and ready for offers. 150 feet of prime canal frontage just one home from Lake Minnehaha on the Clermont Chain of Lakes. This exceptional waterfront property offers the rare combination of protected canal living with immediate access to open-lake boating. From your back door, it’s just short distance to your boat, where you can cruise the entire Clermont Chain of Lakes within minutes. Set on an oversized 0.55-acre waterfront lot, the property enjoys one of the widest and deepest sections of the canal, offering expansive water views, privacy, and the unique ability to launch or remove a boat directly from your own backyard. Mature canopy oak trees create a beautiful shaded setting while framing the water views and enhancing the peaceful waterfront atmosphere. The outdoor living area is designed for enjoying the Florida lake lifestyle, featuring a Trex dock, 23-foot boat lift, and three-kayak storage rack, making it easy to enjoy boating, fishing, paddleboarding, and sunset cruises. The spacious backyard easily accommodates large gatherings of 75+ guests, with ample room for entertaining, waterfront events, and additional parking — a rare find on the Chain. Inside, the home offers approximately 2,121 square feet of living space with an open and functional layout and numerous updates completed over the past three years. The remodeled kitchen features quartz countertops and high-end stainless steel appliances, creating a modern yet timeless space for everyday living and entertaining. Additional improvements include new drywall and updated electrical throughout, fresh interior and exterior paint, a new roof, new interior doors and trim, custom blinds on every window, updated flooring in multiple rooms, and high-end ceiling fans throughout. The attic and garage have been double-insulated, helping improve energy efficiency and comfort year-round. The property also includes a 2.5-car attached garage, two large storage sheds, vinyl privacy fencing, and a private irrigation system pumped directly from the canal. A full RV port with water and power hookups provides additional flexibility for RV owners, guests, or recreational storage. Located in a golf-cart friendly neighborhood with no HOA, this one-owner home has been meticulously maintained. Enjoy boating directly from your backyard to downtown Clermont’s waterfront restaurants, festivals, live music, and lakefront parks, all just minutes away by boat or car — while still returning home to the calm, protected waters of the canal. Flood zone clarification: Like most waterfront homes on the Clermont Chain of Lakes, the property is located in a standard FEMA flood zone typical for canal and lake frontage, not an extreme flood risk designation as some online sites may imply. The home has never flooded in nearly 50 years, and the current flood insurance premium is only $1,226 per year, demonstrating the manageable risk associated with waterfront living. With 150 feet of frontage, proximity to open water, and a large half-acre lot, opportunities like this rarely become available on the Clermont Chain of Lakes. A one-year home warranty is included for added peace of mind.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
