One or more photo(s) has been virtually staged. Welcome to this stunning David Weekley “Longboat” model in Laureate Park, Lake Nona, one of the most desirable master-planned communities in Orlando. This beautifully maintained 5-bedroom, 4-bath pool home sits on a premium conservation-view lot and features a screened saltwater pool and spa, creating the perfect private retreat in the heart of Lake Nona. This home is filled with natural light! It offers a functional and elegant open layout with a private study/office , dining room, and an open-concept kitchen with a great room highlighted by dramatic 24-foot ceilings. The gourmet kitchen features a large island, stainless steel appliances, and abundant cabinet and counter space—ideal for entertaining and everyday living. The first-floor primary suite is a true sanctuary, featuring a vaulted ceiling with custom wood beams and a luxurious spa-style bathroom with a huge walk-in shower and dual vanities. A secondary bedroom with an ensuite bath is also located on the first floor, perfect for guests or multi-generational living. Upstairs you’ll find three spacious bedrooms, two additional bathrooms, and a large bonus room, ideal for a media room, game room, or flexible living space. One of the home’s most unique features is the indoor-outdoor Florida Room/sunroom which is equipped with a dedicated mini-split AC system. The room's large custom accordion doors open to your private outdoor oasis. The saltwater pool and spa sit beneath an oversized screened enclosure, allowing you to enjoy the best of Florida living. The large fenced backyard offers plenty of room for pets, play, and outdoor activities. Additional upgrades include fully paid-off solar panels, helping offset current electric costs and providing long-term energy efficiency. Living in Laureate Park Lake Nona means access to incredible amenities including Crescent Park community events, Canvas Restaurant & Market, LP Fit fitness center, three resort-style pools, volleyball courts, and a basketball court. Conveniently located just minutes from Lake Nona Town Center, Medical City, Orlando International Airport, USTA National Campus, KPMG, and Highway 417, this home offers the perfect blend of luxury, convenience, and lifestyle in Lake Nona. Schedule your showing today to experience this exceptional Laureate Park pool home.
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.
