Welcome home to Storey Park – a modern 3-bedroom, 2.5-bath townhome in the heart of the Lake Nona area. Built in 2019 and offering 1,636 square feet of living space in public records, this move-in-ready home combines clean contemporary design, low-maintenance living, and one of the most convenient locations in Orlando. The front courtyard setting and green space create a peaceful first impression every time you arrive. Inside, the first floor features an open concept layout that flows easily from the living room to the dining area and kitchen – ideal for both everyday living and entertaining. The kitchen is the center of the home, with modern cabinetry, solid surface countertops, stainless steel appliances, an island with bar seating, and generous storage. A full bathroom and a dedicated laundry area on the main level add extra comfort and flexibility for guests, work-from-home, or multi-generational living. Upstairs you’ll find three well-proportioned bedrooms, including a relaxing primary suite with walk-in closet, dual-sink vanity, and a step-in shower. The secondary bedrooms share a full bath and work beautifully rooms, guest rooms, or office space. Outside, a private fenced-in patio creates an intimate spot for morning coffee or evening BBQs, and the rear-entry 2-car garage keeps parking secure and convenient, with guest parking available near the front of the home. Living in Storey Park means enjoying a full lifestyle, not just a beautiful home. Residents have access to resort-style amenities including pools, clubhouses, fitness centers, playgrounds, dog parks, and walking trails. The HOA helps keep life simple by including services such as high-speed internet, cable, and exterior/grounds maintenance in the monthly fees, so you spend less time on upkeep and more time enjoying where you live. All of this is just a short drive to Lake Nona’s Medical City, Orlando International Airport, major highways (417 & 528), shopping, dining, and highly rated schools. If you’ve been looking for a move-in-ready townhome in one of Orlando’s most sought-after communities, this is your chance – 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.
