Built w/ intention & craftsmanship, this character-rich neighborhood reflects a time when homes were thoughtfully designed. Within this custom-community, sits your future home boasting ~4,000 H SqFt w/ 3BR, 3.5BA on nearly 1/2 an acre. W/ no req. HOA & no rear neighbors, this split-floorplan Home is designed for multi-generational comfort, where everyone has space w/out sacrificing connection. A newly stained front door welcomes you into an airy Foyer crowned by a dramatic tray ceiling w/ updated light-fixtures & sconces. Bose zone-able speakers provide customized audio in Main Areas & Pool, creating seamless ambiance for living & entertaining. Double-paned windows invite natural light while helping the home stay cool & serene. Beyond the entry, an expansive Great Room unfolds beneath soaring tray ceilings w/ refined fixtures & a wood-burning fireplace wrapped in updated stone. Dual sets of French doors fill the space w/ sunshine & create a timeless backdrop for entertaining. A new ½BA off the Great Room & between the Kitchen sits perfect for company. A granite wet bar w/ sink & wine fridge anchors the room, while the pool table stands ready for evenings that linger. The Formal Dining Room showcases an elegantly-painted coffered ceiling, updated light fixture, & oversized window: tailor-made for dinner parties or late-night rounds of poker/dominoes! The renovated kitchen blends thoughtful design & functionality. Real wood cabinetry, granite countertops, double-ovens, built-in microwave, recessed lighting, passthrough bar, & 2 pantries make it a Cook’s dream! The enormous island w/ a built-in downdraft cooktop offers bar seating: perfect for guests to gather & watch the evening’s signature dish come to life. A bay window over the sink overlooks the front yard, turning dishwashing into a quiet moment w/ pleasant view. The Kitchen also features an under-lit workspace for homework or planning. The adjacent Laundry Room includes granite counters, sink, & pull-down ironing board. Connected by double-glass French doors, the Florida Room is wrapped in windows that flood the space w/ golden-hour light, creating seamless indoor/outdoor living w/ a classic Old Florida feel. The Primary BR is a haven defined by a soaring tray ceiling, generous windows, built-in cabinetry, office nook, & 2 walk-in closets w/ built-ins. The renovated Primary BA features dual sinks & makeup vanity area w/ granite, modern tile, & glass shower: illuminated by an expansive skylight that cascades natural light. At night, the Jacuzzi soaking tub rests beneath the skylight, inviting you to unwind after a long day w/ a glass of wine as soft moonlight streams in. Each Secondary Bedroom is generously sized w/ en-suite BA, solid-surface counters & shower, offering privacy for family & guests. Outdoors, the Covered Patio & Heated Pool sit beneath an elevated screened enclosure w/ frame lighting for glowing evenings. The uniquely shaped Pool is accented by a tiled waterfall whose steady sound creates a peaceful backdrop. Freshly mulched beds & settled gardens frame the yard, overlooking a boundless oasis. In addition to the 2-car garage is an additional golf-cart garage! Updates include 5-tone tile roof(Jan'26) & upgraded screened-gutters('22), pool pump & heater ('22), Water Water ('22) & triple-zone AC systems[2 units (~’23)]. Centrally located between Orlando & Tampa, this property offers a country-feel w/ seclusion & mastercraft rarely found today. All measurements approx
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.
