Welcome to this beautifully maintained, one-owner home on a generous 0.37-acre corner lot, shaded by mature trees that create a peaceful and inviting setting. From the moment you arrive, the pride of ownership is clear in the immaculate condition and thoughtful layout that offers comfort and functionality. Inside, you will find spacious living areas designed for everyday living and entertaining. The large living room provides plenty of space to gather and features a substantial built-in entertainment area that offers excellent storage and display space while still leaving plenty of room for your large screen television. The formal dining room is ideal for hosting dinners and special occasions. The kitchen offers a breakfast bar for casual seating along with a bright eat-in area that overlooks the backyard, creating a warm and welcoming space for morning coffee or family meals. The oversized primary suite is a retreat, featuring a generous walk-in closet and a spacious en-suite bath with dual sinks, a relaxing soaking tub and a separate shower. The secondary bedrooms are also large and comfortable, including one with its own walk-in closet. An additional full bath upstairs adds convenience for family members or guests. Go outside to enjoy the screened lanai, an ideal spot to relax and take in the peaceful surroundings of the backyard. The side entry garage adds convenience and curb appeal, while the corner lot provides extra space and privacy. Location is another standout feature of this home. Although it feels tucked away and private, it is within three blocks of multiple shopping centers, including Publix, Home Depot, HomeGoods, restaurants, banks and everyday services. The home is also in the rapidly growing Clermont area, surrounded by new stores and dining options while offering easy access to major roads, including Highway 50 and Highway 27 within a two-minute drive. Be sure to watch the drone and interior video to fully appreciate the setting and layout, then schedule your showing and experience this immaculate home in person.
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.
