CORNER LOT | WALK TO LAKE GERTRUDE | POOL & SPA | NO HOA | BONUS SUITE WITH PRIVATE ENTRANCE Welcome to one of Mount Dora's most unique opportunities—a beautifully renovated 3-bedroom, 2.5-bathroom home situated on an oversized 0.64-acre corner lot that spans nearly an entire city block. With no HOA, a private pool and spa, and extensive upgrades throughout, this property offers the perfect blend of modern comfort, privacy, and location. Natural sunlight pours into the home, creating a bright and inviting atmosphere throughout the spacious floor plan. Luxury vinyl flooring, fresh interior and exterior paint, updated doors, modern fixtures, and thoughtful designer finishes give the home a clean, contemporary feel from the moment you walk in. At the heart of the home is a stunning kitchen featuring quartz countertops, stainless steel appliances, premium hardware, and ample workspace for entertaining and everyday living. Every bathroom has been tastefully updated, and all countertops throughout the home are quartz, providing a cohesive and upscale design. The primary suite offers a rare bonus space with its own private entrance, creating endless possibilities for a home office, fitness room, nursery, sitting room, guest retreat, or multi-generational living setup. Major improvements provide peace of mind for years to come, including a new roof, a 2019 HVAC system, a 2020 water heater, updated electrical, replumbing, and a new pool pump. An EV charging outlet in the two-car garage adds an additional modern convenience. Step outside and enjoy your own private Florida oasis. The sparkling pool and spa are surrounded by an expansive patio perfect for entertaining, while a separate fire pit area creates the ideal setting for relaxing evenings with family and friends. Location is everything, and this home delivers. Enjoy a short walk to beautiful Lake Gertrude, one of Mount Dora's most beloved lakes, known for its scenic views and peaceful surroundings. Downtown Mount Dora is only a 7-minute drive away, where you'll find award-winning restaurants, waterfront dining, boutique shopping, live music, art shows, farmers markets, and the city's famous year-round festivals. The home is also conveniently located approximately 10 minutes from Downtown Tavares, known as America's Seaplane City. Tavares is a unique waterfront destination featuring seaplane tours, lakefront restaurants, Wooton Park, year-round festivals, live entertainment, children's splash parks, and a vibrant marina atmosphere. Residents enjoy easy access to boating on the Harris Chain of Lakes, making this area one of the most sought-after recreational destinations in Central Florida. With nearly an entire block of land, no HOA restrictions, a pool and spa, a bonus suite with private entrance, extensive renovations, and an unbeatable Mount Dora location, this is a truly rare offering. Schedule your private showing today and experience everything this exceptional property has to offer.
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.
