One or more photo(s) has been virtually staged. *** TRULY ONE OF A KIND*** Welcome to 13850 Sachs Avenue, a rare offering in the heart of Laureate Park in Lake Nona. This CUSTOM designed David Weekley Murad FLOOR PLAN is the only one of its kind in the neighborhood and was thoughtfully created to prioritize privacy, flow, and everyday livability. This single story home offers 1,987 square feet with three bedrooms, two bathrooms, and a dedicated home office, all within an inviting open concept layout and finished with high end engineered wood flooring throughout with no carpet anywhere in the home, complemented by custom plantation shutters throughout. The foyer opens seamlessly into the main living space where the living room, dining area, and kitchen connect effortlessly, making the home ideal for both entertaining and daily life. The gourmet kitchen is beautifully appointed with custom pull out cabinetry for easy access to pots, pans, and everyday essentials, along with a fully built out pantry featuring custom finishes for added storage and organization. The rear facing primary suite offers a quiet and private retreat tucked away from the rest of the home and includes a custom built out walk in closet as well as pull out storage beneath the primary bathroom cabinetry. Two secondary bedrooms and a full bathroom are positioned toward the front of the home, creating functional separation ideal for guests, family members, or flexible living needs. At the front of the home, the private home office with French doors and custom built in cabinetry provides a polished and practical workspace ideal for remote work or creative pursuits. The home is in pristine, immaculate condition and completely !MOVE IN READY!!! ***Additional highlights include an extended driveway with convenient access in and out of the neighborhood, a garage with an epoxy finished floor, pull down attic stairs with approximately 300 square feet of attic storage above the garage, bike racks that convey, custom cabinetry, and a utility sink. The exterior features custom designed landscaping and landscape lighting that have been impeccably maintained, and the home is ideally located just two and a half blocks from Canvas Restaurant, the Laureate Park Aquatic Center, and the LP Fitness Center, offering walkable access to dining, fitness, and community amenities, with a quiet park and playground directly behind the home, as well as ADDITIONAL PARKING making this a rare opportunity to own a thoughtfully designed, custom home in one of Lake Nona’s most vibrant communities.
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.
