SELLER IS OFFERING $2,500 TOWARD BUYER’S CLOSING COSTS OR INTEREST RATE BUY-DOWN — ALL FOR UNDER $300K! Don’t miss this barely lived-in, 2019-built 3-bedroom, 2-bath home located in the desirable Lake Jackson Ridge community with a LOW HOA of only $35 a month. This charming home welcomes you with a bright, open floor plan ideal for both everyday living and entertaining. The spacious great room opens naturally into the kitchen, which features stainless steel appliances including a chef’s French door refrigerator, granite countertops, closet pantry, full-size range and microwave, double sink, and ample additional prep space. Espresso-stained cabinetry topped with crown molding and a built-in breakfast bar complete the kitchen, perfect for early mornings or casual meals. Sliding glass doors provide views from the great room to the oversized backyard and enlarged paver patio—relax and breathe in your own private paradise. The fully fenced backyard with vinyl fencing and side gate offers endless possibilities for outdoor fun, gardening, pets, or play. The foyer, kitchen, and great room are finished with easy-maintenance Florida tile and ceiling fan for year-round comfort.The primary suite is a true retreat, featuring cozy carpet, a walk-in closet, peaceful backyard views, and an en suite bathroom with a walk-in shower, oversized vanity, and quartz stone countertops with generous storage and prep space. Bedrooms two and three are located on the opposite side of the home for added privacy and share a conveniently located second bathroom with a tub/shower combination—perfect for guests or family. Professionally cleaned in early February and complemented by freshly mulched landscaping, this well-maintained home is move-in ready and ideal for a first-time buyer, retiree, or investor seeking a worry-free newer construction with land, privacy, and comfort. The additional features abound with a Ring doorbell, 2-car garage with opener, ceiling fans, LED lighting throughout, neutral interior paint, stone countertops throughout, double-pane windows, and a grand pavered patio in the fully fenced rear yard. Enjoy leisurely walks in this sidewalk community, with shopping, dining, and leisure parks nearby. Conveniently located with easy access to Clermont, Winter Garden, Universal, and Disney perfectly connected via the Florida Turnpike and SR-429—putting everything within easy reach, View it today and BUY with less OUT OF POCKET EXPENSE—this ONE IS READY to be called 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.
