Virtually Staged. APPRAISED FOR $580,000 IN APRIL 2026 — Listed at $540,000! And the big-ticket items are already done: NEW ROOF (2024), NEW DUAL-ZONE HVAC (2023) with UV guard and regular service history, new dishwasher (2021), and new microwave (2025) — move in with confidence and no surprises. Don't miss this exceptional opportunity in the highly sought-after Overlook at Lake Louisa community, where you'll enjoy breathtaking views of rocket and shuttle launches right from your own yard — and partial views of the lake from your corner lot. This spacious 4-bedroom, 2.5-bath home offers nearly 3,000 square feet of thoughtfully designed living space on an oversized 0.24-acre corner lot — one of the largest in the neighborhood. Built in 2006, the home welcomes you with an expansive open floor plan featuring soaring ceilings, elegant archways, and tile flooring throughout the main level. A large flex space at the front of the home — perfect as a formal living room, home office, or playroom — flows seamlessly into the dining room. The well-appointed kitchen features granite countertops, rich cherry cabinetry, stainless steel appliances, a breakfast bar with pendant lighting, and a sun-drenched breakfast nook with triple windows. The oversized family room offers plenty of space for gathering, and a half bath completes the first floor. Upstairs, all four bedrooms are privately situated. The primary suite is a true standout — measuring an expansive 15x25 feet with a dedicated sitting area. The bonus room can be used as an office or converted into a 5th bedroom. The primary bedroom also features dual walk-in closets, and a spa-like en suite bath with dual vanities, a makeup vanity station, a jetted garden tub, and a large walk-in shower with rain head. Three additional generously sized bedrooms and a full bath with dual sinks round out the upper floor. Step outside to a covered patio with a built-in outdoor kitchen and gas grill — an entertainer's dream in the Florida sunshine. The fully fenced backyard features mature live oak trees that keep the yard naturally shaded and noticeably cooler than open lots — a rare luxury in Central Florida summers. The corner lot positioning gives you significantly more yard than comparable homes on standard lots. The home is also equipped with storm covers for the windows, providing peace of mind and potential insurance savings — a smart investment that pairs perfectly with the brand-new roof. Additional highlights include laminate flooring in the primary suite and upstairs hall, a downstairs laundry room, a 2-car attached garage, and a low HOA of just $495/year. Conveniently located minutes from shopping, dining, the Clermont chain of lakes, and major roadways. 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.
