Property is vacant. Furniture shown in some images may be virtually staged to illustrate potential use of space: Welcome this beautiful two-story home offers 4 bedrooms, 3.5 bathrooms, and 1,768 sq. ft. of living space. The layout features two master suites, making it ideal for multi-generational living, an in-law suite, primary residence, vacation home, or income-producing short-term rental. This property stands out with several major upgrades already completed, providing peace of mind for the next owner. Improvements include a roof and gutters only 3 years old, a brand-new A/C system with all new copper wiring installed in December 2025, granite countertops and backsplash in the kitchen, and upgraded granite in two bathrooms. All warranties are transferable to the new owner. Step outside to enjoy your private wooded backyard with no rear neighbors, where you can relax in the pool and hot tub, creating a peaceful retreat perfect for Florida living. Conveniently located in a highly desirable area, the home is approximately 10 minutes from Champions Gate and I-4, about 20 minutes from Disney and major attractions, and close to shopping, dining, and entertainment. The Sandy Ridge community allows short-term rentals (Airbnb/VRBO), making this an excellent opportunity for investors, vacation homeowners, or full-time residents. Enjoy a low HOA of $112 Month and NO CDD, which is rare in this location. With major upgrades already completed and strong short-term rental potential, this home is priced to sell and ready for its next owner. HOA includes cable and high-speed internet
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.
