Welcome to this move-in-ready Urban Ashton Woods townhome located in the heart of Laureate Park in Lake Nona. Centrally positioned within the community, this home offers picturesque park views and is just steps from the Laureate Park Amenities Center, Canvas Market, and Restaurant. Featuring three bedrooms, each with a private en-suite bath, and a two-car garage, this home blends comfort with convenience. As you step inside, you’ll find wood-look tile flooring throughout the main living areas, along with a first-floor bedroom featuring NEW luxury vinyl plank flooring, a private en-suite, and a custom walk-in closet. Down the hall, a large under-stairs storage closet with custom shelving provides ample space for all your storage needs. Head upstairs to the main living level, which includes the family room, kitchen, dining area, and second-story porch. The upgraded gourmet kitchen showcases stainless steel appliances, modern cabinetry, quartz countertops, a large island with custom trim, single-basin sink, designer backsplash, and a closet pantry. Just off the kitchen, enjoy memorable family meals in the dining space highlighted by a beautiful shiplap accent wall. Start your mornings with a cup of coffee on the outdoor patio conveniently located off the kitchen, or relax after a meal in the cozy family room while taking in serene park views from the comfort of your couch. Continue to the private third floor, where you’ll find the laundry room and another generously sized bedroom with its own en-suite bathroom and walk-in closet. Tucked away on the opposite side of the hallway is the primary suite, featuring a large walk-in closet and a luxurious en-suite bath with double sinks, quartz countertops, modern cabinetry with an upgraded drawer stack, square sinks, and a walk-in shower with floor-to-ceiling tile, frameless glass enclosure, and shower niche. Lastly, enjoy a Two Car Garage featuring Ceiling Storage Racks for all of your storage needs. Laureate Park community, residents enjoy HOA Includes HIGH-SPEED INTERNET of up to 1GIG, LP Fitness Center, Resort-Style LP Aquatic Center with Beach Volleyball Court & a half Basketball Court. Laureate Park also offers Community Gardens, Dog Parks, Playgrounds, and Miles of Trails to enjoy Walking, Running, and Biking. Located in the heart of Lake Nona Medical City. A RATED SCHOOLS & Minutes to Orlando International Airport, Major Highways, Shopping, Dining, USTA & KPMG
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.
