One or more photo(s) has been virtually staged. One or more photos have been virtually staged. Welcome home to this beautifully appointed 3-bedroom, 2.5-bath corner townhome in the highly desirable Preston Square community of Windermere. Ideally positioned, this townhome conveniently faces the community amenities, offering easy access while maintaining a welcoming neighborhood feel. From the moment you step onto the charming front porch, you'll appreciate the warmth and character this home provides. Inside, natural light fills the space through wrap-around windows, highlighting the 10-foot ceilings and rich hardwood flooring. The thoughtfully designed floor plan blends comfort and functionality, making it ideal for both everyday living and entertaining. A standout feature of this home is the private courtyard, creating a peaceful outdoor retreat perfect for gatherings, grilling, or simply relaxing. The kitchen is well-equipped with 42" solid wood cabinetry, granite countertops, and stainless steel appliances, a space any home chef will appreciate. The main level features a spacious primary suite with a tray ceiling and a luxurious en-suite bath, complete with dual vanities, a garden tub, and a walk-in shower with dual shower heads. Upstairs, you’ll find a spacious, open-concept loft with two additional bedrooms, providing comfortable accommodations and privacy for family members or visitors. The laundry room includes a utility sink, and a window for added natural light. The rear-entry two-car garage features overhead storage racks and a long driveway for additional parking. Residents of Preston Square enjoy resort-style amenities, including a stunning swimming pool, lush landscaping, basketball court, playground, fitness stations, and a large park that hosts movie nights and food trucks. Conveniently located near top-rated schools, shopping, dining, golf courses, hospitals, and major roadways, with easy access to Orlando, Windermere, Winter Garden, and the area’s world-renowned theme parks. A fantastic opportunity to own a home in one of Windermere’s most desirable communities.
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.
