VA loan
30-day close
1 of 57
VA loan
30-day close
$949,900
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Sign in to see required down payment for the 2.75% rate

1268 Patterson Ter, Lake Mary, FL 32746

4 beds · 4 baths · 3,567 sqft

Modern Comfort, Elegantly Designed Home in Gated Lake Emma Sound Welcome to your dream home in the sought-after, gated enclave of Lake Emma Sound, where refined living meets peace of mind. Nestled in one of Lake Mary’s most desirable communities, this impeccably maintained four-bedroom, three-and-a-half-bath residence offers exceptional space, comfort, and elevated functionality just minutes from A+ schools, boutique shopping, dining, healthcare, and major highways. Step inside to discover dramatic volume ceilings, bright sun filled layout, and a stunning two-story family room anchored by a beautifully split staircase that leads to a spacious open loft, perfect as a media space or secondary lounge. At the heart of the home is the expansive chef’s kitchen, boasting a massive center island, a cozy café dining area, formal dining room, versatile walk-in pantries and a bonus butler’s nook ideal for a workspace and homework zone. The main floor also features a private office/den and a full guest or in-law suite complete with its own en-suite bath and walk-in closet, perfect for multi-generational living or hosting guests. Upstairs, retreat to the spacious primary suite with dual walk-in closet and a luxurious bath complete with a spa-sized walk-in shower. Two additional bedrooms, a full bath, and a generous open loft offers plenty of flexible living space. A second-floor laundry room adds everyday convenience…no more carrying baskets up and down stairs! Step outside to the screened lanai with paver flooring and a pre-installed gas hookup, ready for your dream summer kitchen. The backyard is built for peace of mind and relaxation, featuring a decorative gravity retaining wall and a custom-engineered drainage system that ties all roof gutter lines into a comprehensive French drain system, leading directly to the underground storm drain. This home is thoughtfully equipped with integrated smart home technology and extended Wi-Fi coverage, ensuring seamless connectivity and control across every corner of the property. Enjoy peace of mind, modern convenience, and elevated comfort in a home that truly stands out in both form and function. All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent.

Estimated
Seller's interest rate
2.75%
7%
Estimated
Monthly payment

$4,045
$5,248
You may also save up to $379,011 in total interest paid.

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $5,248 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
VA
Rate
2.75%
Remaining term
26 yrs and 3 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$4,045
Principal & interest
$2,160
Mortgage insurance
-
Property taxes
$807
Home insurance
$862
HOA fees
$215
Utilities
Not included

Source: Public records

Home details
Size
3,567 sqft
Lot size
0.14 acres
Year built
2019
Type
Single Family Residence
HOA dues
$215.00

Source: STELLAR #G5096379

Frequently asked questions

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.

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.

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.

View all FAQs
Last updated: Jun 20, 2025 07:02 am
Listing agent: Wendy Smith (352) 255-4816
Listing provided courtesy of: HARRISON REAL PROPERTY GROUP (407) 741-3547
Details provided by STELLAR and may not match the public record.
MLS ID: #G5096379
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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Est. seller's rate
2.75%
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