Awesome and beautiful, well cared for, and maintained pool home located in the lakeshore community of Clermont. This four bedroom, three bath, plus a study and screened in pool and spa home with a large lanai is absolutely beautiful! This property sits just up the hill from the shores of Lake Minnehaha. This home has a custom built floorplan that offers a large Master Bedroom and Bath on one side of the home and three bedrooms and a study on the other side. The design of the home is unique because you can have two in-law suites each with its own private and full bath, if you wish. The living room, with a gas burning fireplace, overlooks the pool deck and yard in the back. The kitchen is spacious and laid out well with stainless steel appliances. The countertops are granite and the colors go well together. The home has an inside utility, just off the garage with washer and dryer hook ups, cabinets and even an inside wash basin. The two car, side entry garage has a work bench and plenty of room for those special projects. The home is concrete block and stucco. The exterior was painted in 2021. New HVAC was installed in 2025. The Septic system was pumped and inspected in the last month or so. In excellent condition and working properly. The pool was refinished and new tile was added. The pool pump has also been replaced. All the windows were replaced along with a tall three panel set of high end sliding doors in 2020. There are a few more items attached to the MLS that describe the additional improvements to the home over the years that the owners have done, while living there. Take a look! The HOA has a community clubhouse and pool along with tennis courts and a Boat and RV storage area for those type items. There also is a deeded lot on the lake with a dock for the community's enjoyment. A wonderful home and great location and neighborhood. Call me for a personal tour to see a beautiful home and place!
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.
