SALT-POOL HOME available in the GATED COMMUNITY of AVALON LAKES!... This two-story home built in 2003 offering over 2,800 square feet, SIX BEDROOM, and THREE FULL BATHROOMS. The downstairs features TILE FLOORING with CROWN MOLDING accents, while the staircase and upstairs common areas have WOOD FLOORING. The kitchen features CORIAN COUNTERTOPS, ample cabinetry, and an open connection to the family room—creating a natural space for everyday living and gathering. One BEDROOM and FULL BATHROOM are found on the FIRST FLOOR provide flexibility for guests, multigenerational living, or a private home office. Upstairs, FIVE ADDITIONAL BEDROOMS providing plenty of space for family and visitors. One secondary bathroom features a unique layout with TWO SEPARATE SINKS each with their OWN DOOR and a PRIVATE/SEPARATE shower and toilet area, allowing multiple members to get ready at the same time during busy mornings. The primary bathroom was RENOVATED in 2019. Additional features include a PEBBLETEC SALTWATER POOL installed in 2006 with BRICK PAVERS, a WATER HEATER REPLACED in 2024, and recent interior paint in the kitchen, downstairs hallway, and upstairs bedrooms. With NO REAR NEIGHBORS, the backyard offers a peaceful setting where deer are often seen passing through. Located in the GATED COMMUNITY of Avalon Lakes, residents have access to amenities including a CLUBHOUSE with FITNESS CENTER, COMMUNITY POOL AND SPA, TENNIS and PICKLEBALL courts, BASKETBALL court, SOCCER FIELD, VOLLEYBALL COURT, PLAYGROUND, and ON-SITE MANAGEMENT. Nearby Avalon Park offers local shops, dining, parks, and community events, with convenient access to UCF, WATERFORD LAKES TOWN-CENTER, major highways, and Downtown Orlando. Schedule your private showing to experience this home in person.
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.
