A Central Orlando address without the Central Orlando price tag. No HOA. No permission needed. Just freedom and one of the last true opportunities to plant roots in the heart of Orlando without compromising your budget or your lifestyle. While the rest of the market keeps climbing, 1401 Radleigh Pl delivers a 3-bedroom home on a large corner lot, minutes from downtown Orlando, Dr. Phillips, Restaurant Row, major employers, and everything Central Florida has to offer. The location alone tells the story but the home backs it up. Every inch has been thoughtfully updated: a fully renovated kitchen with rich espresso cabinetry, granite countertops, marble-look backsplash, and stainless steel appliances that make everyday living feel effortless. The bathroom is already done with floor-to-ceiling marble-look tile, clean vanity, nothing left on your to-do list. LVP flooring flows throughout the light-filled living and dining spaces, giving the home a cohesive, move-in ready feel from the moment you walk in. Three comfortable bedrooms. A dedicated laundry room. A covered carport. And then the backyard. A generous corner lot, the outdoor space is the real story here. Massive. Private. Canopied by mature oak trees delivering serious shade and serious peace. The Florida sunroom opens to it all your blank canvas for a home office, an entertainment space, or simply the place you disappear to on a Saturday afternoon with a cold drink and nowhere to be. Park the boat. Plant what you want. Paint whatever you want. No HOA means the only person who decides what this home looks like - is you. Corner lot. Central location. Move-in ready. This is what opportunity looks like in today's Orlando market. Contact us today to schedule your showing — 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.
