Room to grow, thoughtful UPDATES, and an incredible BACKYARD RETREAT make this spacious two-story home in the sought-after GUARD GATED COMMUNITY of Spring Isle one you won't want to miss! Ask us about the BRAND-NEW ROOF to be installed prior to closing – additional improvements include FINISHED CONCRETE FLOORS (2023), a PRIVACY FENCE (2020), a beautifully REMODELED PRIMARY BATHROOM (2020), attic flooring with pull-down ladder for additional storage (2020), and updated interior finishes and newer appliances throughout. Designed with flexibility in mind, this 5-bedroom, 3.5-bath SPLIT BEDROOM FLOOR PLAN also includes an enclosed second floor BONUS ROOM and a versatile FLEX SPACE at the front of the home that's perfect as a home office, formal dining room, library, or playroom. A dramatic TWO STORY FOYER greets you as you step through the front door, where abundant natural light and open living spaces create an inviting atmosphere. The current owners especially love the functional layout, spacious MAIN FLOOR PRIMARY SUITE, large open kitchen, bonus room, and the backyard oasis that makes everyday living feel like a getaway. The open-concept kitchen is a dream for the home chef, featuring granite countertops, NEWER STAINLESS STEEL APPLIANCES, abundant cabinet and prep space, an oversized ISLAND with bar seating, pantry storage, and seamless flow into the living and dining areas for easy entertaining. Tucked away on the first floor, your primary suite offers a peaceful retreat with its beautifully remodeled en-suite bath and WALK-IN CLOSET, while upstairs you will find four additional bedrooms and the enclosed bonus room, giving everyone space to spread out. Step outside and embrace the Florida lifestyle you have been dreaming of. The fully fenced backyard is designed for relaxing and entertaining with a generous COVERED LANAI, paver patio, CUSTOM BUILT-IN PERGOLA & SPA, and mature trees that create a private outdoor escape. Spring Isle is one of East Orlando's most desirable guard-gated communities, offering RESORT STYLE AMENITIES including a community pool, clubhouse, playground, and dog park, and the HOA conveniently INCLUDES LAWN CARE for low-maintenance living. Ideally located near Avalon Park, you will enjoy easy access to local dining, boutique shopping, community events, SR-408, SR-417, Alafaya Trail, UCF, Downtown Orlando, Orlando International Airport, and Florida's beautiful beaches. Spacious, beautifully updated, and packed with features inside and out, this is the lifestyle you have been waiting for. Call today to schedule a tour and fall in love with your new HOME SWEET 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.
