Experience refined elegance in this beautifully appointed 3,472 sq ft estate, perfectly positioned on a private .32-acre corner lot with striking stone elevation and a paved driveway in the highly sought-after city of Mount Dora. From the moment you arrive, this residence makes a lasting impression. Designed with both sophistication and everyday comfort in mind, the thoughtfully crafted floor plan features a private first-floor primary retreat. The spa-inspired ensuite offers dual marble vanities, dual walk-in closets, a relaxing jacuzzi tub, and a separate walk-in shower your own personal sanctuary. At the heart of the home, the warm and inviting family room with fireplace flows seamlessly into the dining area and upgraded kitchen, creating the perfect space for gathering and entertaining. The kitchen is enhanced with granite countertops, designer backsplash, soft-close cabinetry, pull-out trays, stainless steel appliances, and refined finishes that blend beauty with functionality. Architectural details elevate every room, including crown molding, 6-inch baseboards, and upgraded laminate flooring throughout the first level. Natural light fills the home, complemented by tinted windows for comfort and energy efficiency. A versatile flex room offers the perfect home office or creative space, while the formal dining room can easily serve as a playroom or additional lounge. Upstairs, you'll find three spacious bedrooms, a full bath, and an expansive bonus room overlooking the family room — ideal for a media room, gym, study, or potential fifth bedroom. Step outside to your private outdoor retreat. The 16x22 screened-in porch with elegant pavers overlooks a fully fenced backyard complete with a swing set perfect for entertaining or relaxing evenings at home. This home is as efficient as it is beautiful, featuring two AC units with NEST thermostats, a whole-house water filtration system, hybrid water heater, smart locks, Ring doorbell, intercom system, and security system for modern peace of mind. Recent Enhancements Include: New Roof (2023) Exterior Paint (2023) Interior Paint (2025) Hybrid Water Heater (2019) Rain Gutters (2019) New Porch (2020) Kitchen Upgrades (2020–2021) First-Floor Flooring (2021) Beyond the home itself, enjoy the enchanting lifestyle that makes Mount Dora so special. Just minutes from The Fresh Market, seasonal festivities at Amber Brooke Farms, Summer View Park with playground, soccer field, basketball and pickleball courts, and convenient access to State Road 453. Known for its historic downtown, vibrant arts scene, lakeside charm, and beloved annual blueberry festivals, Mount Dora offers a unique blend of small-town warmth and modern convenience. Located in a community with low HOA fees and access to a community pool, this home offers the perfect balance of serenity and connection. This is more than a home, it’s a lifestyle defined by elegance, comfort, and timeless Mount Dora charm.
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.
