Tucked away in the desirable Crooked Lake Ridge neighborhood, this Eustis home invites you to slow down and enjoy the simple moments that make a house feel like home. Mornings begin on the front porch with coffee in hand, while evenings are best spent out back, surrounded by mature trees and the kind of backyard that feels like your own private retreat. Pick fresh figs right from your tree, gather lemons and limes from your Meyer combo tree, or tend to your garden with banana plants, an olive tree, and space to grow more of what you love. The raised garden beds out front are ready for your next season of flowers or homegrown veggies. Inside, the layout is both functional and inviting, with a split floor plan that offers privacy and a central living space where everything comes together. The vaulted ceilings in the living room add character and openness, making it the natural place to gather, unwind, and connect. With an enclosed Florida room and a screened lanai, you have multiple spaces to enjoy the outdoors year round, whether it is a quiet afternoon or hosting friends and family. Added bonus is Roof replaced (2023) Located just minutes from the charm of Downtown Eustis, the energy of Mount Dora, and the waterfront lifestyle of Tavares, you are never far from local events, dining, and weekend adventures. Everyday conveniences like Target, Walmart, and restaurants are all within five minutes, while AdventHealth Waterman is just a short drive away. This is more than a home, it is a space to grow, gather, and create a lifestyle rooted in comfort, connection, and a little bit of nature right outside your door.
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.
