Welcome Home! We are thrilled to present this fully renovated townhouse in the highly sought-after Ocoee Meadow Lake community perfect for buyers seeking modern, comfortable living in a prime location. This home features 3 spacious bedrooms and 2.5 bathrooms with a brand-new roof (2023), fresh exterior and interior paint. For peace of mind, inside you’ll love the no-carpet design with durable luxury vinyl plank flooring in all living areas and bedrooms and tile in the bathrooms for a clean, modern look. The bedrooms are generously sized with abundant natural light. The primary bedroom easily accommodates a king-size bed and connects to a spacious en-suite bathroom featuring dual sinks, a large soaking tub, and a separate shower. The other 2 bedrooms share a bathroom with a tub. The laundry room is also on the second floor. A convenient half bath on the first floor completes the layout. The open-concept living room flows seamlessly into the dining and kitchen area—perfect for entertaining or family gatherings. The kitchen showcases granite countertops, and upgraded 42-inch cabinets with crown molding, offering both style and functionality. From here, a glass sliding door opens to your covered, screened-in back patio, where you can unwind, enjoy the fresh air, and savor your morning coffee in peace. Enjoy the benefits of a whole-house water softener system by Puronics, enhancing daily comfort and water quality throughout the home. The two-car private garage provides secure parking and extra storage. As part of a professionally managed, well-maintained community, residents enjoy fantastic amenities, including a resort-style pool, playground, and clubhouse. With easy access to schools, shopping, dining, and major highways, this home offers the perfect balance of comfort, convenience, and style. Whether you’re a first-time buyer, growing family, or downsizing, this stunning property is move-in ready and waiting for you. Schedule your showing today—this one won’t last!
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.
