NEW PRICE AND EXTERIOR PAINT JOB! Welcome to refined Florida living in the sought-after gated community of Lake Emma Sound. Perfectly positioned, with a Fresh coat of exterior paint, in one of Lake Mary’s most desirable enclaves, this impeccably maintained four-bedroom, three-and-a-half-bath home delivers exceptional space, functionality, and peace of mind - just minutes from A-rated schools, boutique shopping, dining, healthcare, and major highways. Step inside to soaring volume ceilings and a bright, open layout highlighted by a dramatic two-story family room and elegant split staircase leading to a spacious open loft - ideal for a media room or secondary living space. The heart of the home is the expansive chef’s kitchen, featuring a massive center island, café-style breakfast area, formal dining room, walk-in pantries, and a bonus butler’s nook perfectly suited for a workspace or homework zone. The main level offers a private office/den along with a full guest or in-law suite complete with an en-suite bath and walk-in closet, ideal for multi-generational living or hosting guests. Upstairs, the generous primary suite is a true retreat with dual walk-in closets and a spa-inspired bath showcasing an oversized walk-in shower. Two additional bedrooms, a full bath, and an expansive open loft provide flexible living options, while the second-floor laundry room adds everyday convenience. Enjoy indoor-outdoor living on the screened paver lanai with a pre-installed gas hookup, ready for your future summer kitchen. The backyard is thoughtfully engineered for both relaxation and peace of mind, featuring a decorative gravity retaining wall and a custom drainage system that integrates all roof gutters into a comprehensive French drain leading directly to the underground storm system. Additional highlights include integrated smart home technology and extended Wi-Fi coverage throughout the property. Combining modern convenience, thoughtful design, and exceptional location, this home stands out for both its comfort and functionality. Video of home was done PRIOR to being freshly painted! New video to come. All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent. One or more photos has been virtually staged.
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.
