This home will feel like homecoming SJM is promising the fandom in October. Welcome to 1192 Lambert Lane — a well-maintained 3-bedroom, 2-bathroom home just under 1,400 square feet, tucked away in a quiet Longwood neighborhood with a LOW HOA. From the moment you arrive, you’re greeted by mature trees, fresh exterior paint, and inviting curb appeal that convince you the stars did listen and your dreams have been answered. Step inside to a bright, open layout with vaulted ceilings and a blend of tile and luxury vinyl flooring, giving the space a clean, modern feel while keeping maintenance easy. To the right of the entry, you’ll find the main living area — spacious, filled with natural light, and seamlessly connected to the dining space and kitchen, making it perfect for both everyday living and entertaining. The kitchen offers plenty of counter space, a breakfast bar for casual seating, brushing up on Chapter 55, and open views into the living area so you’re always part of the conversation. To the left side of the home, you’ll find the primary suite along with the additional bedrooms, creating a functional layout with a clear separation between living and resting spaces. The primary suite is generously sized and features direct access to the screened-in patio, a stylish barn-style door leading into the bathroom, and an open closet space that adds both convenience and character. The additional bedrooms are well-sized and full of personality — ideal for guests, a home office, or flex space. Step outside to one of the home’s standout features—a large screened-in patio that truly extends your living space. Whether you’re hosting, relaxing, or enjoying Florida evenings bug-free, this area offers the perfect indoor-outdoor lifestyle. Beyond that, the fully fenced backyard provides plenty of room to play, garden, or even add a future pool. Major updates include a newer roof and HVAC (2022) and a hot water heater (2025), giving buyers peace of mind from day one. Conveniently located just minutes from I-4, shopping, dining, and zoned for highly rated Seminole County schools, this home offers the perfect blend of comfort, space, and location. Remember, you do not yield and you'll love this home to whatever end. If you’ve been waiting for something move-in ready with character and a great outdoor setup—this is it. Schedule your private showing today!
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.
