Thoughtful updates, practical features, and an excellent Central Florida location make this move-in-ready home a standout. Conveniently located near I-4 between Tampa and Orlando, this 3-bedroom, 2-bath home is nestled in a sought-after community and sits on a spacious lot with an extra-large, double-gated backyard that offers endless possibilities for outdoor living, entertaining, and everyday enjoyment. Natural light flows through the full-view storm door all the way through the house, highlighting the view and extending into the screened, tiled lanai and big backyard. Inside, you’ll find tile and laminate flooring as upgrades. The kitchen features granite countertops, stainless steel appliances, a spacious pantry, and ample storage. The laundry room includes a utility sink. All kitchen appliances, curtain rods, tv mounts and curtains convey with the home. Select furniture may also be available for purchase or included. The primary suite features tray ceiling, thermal windows, ensuite with double vanities, walk-in shower and a well-designed walk-in closet. Additional improvements include an approximately 5-year-old roof with a transferable warranty, an approximately 5-year-old HVAC system, and a 7- to 8-year-old water heater. The home is generator-ready with a dedicated hookup (generator not included), extra attic insulation for improved energy efficiency, French drains designed to direct stormwater away from the home, programmable exterior lighting controlled by phone or timer, and two exterior security cameras providing continuous 24/7 monitoring. A water softener is installed but is not currently in use. Don’t wait schedule your private showing today and see everything this home has to offer. There is pride in ownership and you won’t be disappointed with this well appointed home!
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.
