SOLAR SAVINGS, private SCREENED POOL, and a spacious .27 ACRE CORNER LOT set the tone for this beautifully maintained single-story home in the Hidden Lake Estates of Groveland! Major updates provide peace of mind and efficiency, including a NEW A/C (2024), NEW POOL HEATER (2024), NEW POOL PUMP (2022), and ROOF (2019). The home also features SOLAR PANELS that will be OWNED AT CLOSING, delivering low electric bills averaging around $100 per month. Inside, LUXURY VINYL PLANK flooring runs throughout the home, creating a clean, cohesive look that is both stylish and durable. Set on a generous fully fenced corner lot, the property offers space, privacy, and fabulous outdoor living. The backyard is centered around a PebbleTec finished pool with a full screen enclosure, complemented by a large COVERED LANAI that is perfect for relaxing in the shade or hosting gatherings year-round. The SPLIT BEDROOM FLOOR PLAN offers privacy and functionality for all, with formal living and dining spaces at the front of the home and a comfortable family room at the center. The spacious kitchen overlooks both the family room and a light-filled breakfast nook with views of the pool, and features a center ISLAND, breakfast bar, STAINLESS STEEL APPLIANCES, pantry storage, and abundant cabinet and counter space – making it ideal for everyday living or entertaining! Your PRIMARY SUITE is privately positioned on one side of the home, offering a WALK-IN CLOSET and a well-appointed en-suite bath with dual/split vanities, soaking tub, separate shower, and nice natural light. Two secondary bedrooms are located on the opposite side of the home and share a full bath that also serves as a pool bath with exterior access. A large laundry room with an additional half bath adds convenience and flexibility to the floor plan. Located just north of SR 50, Hidden Lake Estates offers a LOW HOA and quick access to downtown Clermont, shopping, dining, area lakes, parks, and playgrounds, while still allowing you to enjoy the peaceful charm of Groveland away from the hustle and bustle of Orlando. If you have been looking for a well maintained pool home with energy savings, space to spread out, and a prime location near Clermont, Country Lakes Circle is ready to welcome you 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.
