Imagine saying, “we live on Sweet Lemon Way in the Highlands at Summer Lake Groves”! Just sounds happy! So much in a name, with over 240 days of sunshine per year in our beautiful state! Thanks to Disney, that includes 365 nights of fireworks too! This community, located in the center of Horizon West, has convenient access to “A” rated schools, restaurants, shops and a never-ending schedule of things to do in and around your new HOME! Amenities include a gorgeous resort pool, tennis/pickleball courts, playground, dog park, bike trails and plenty of green space for picnics and afternoon walks. This quaint home has a covered porch perfect for your rocking chairs and a refreshing glass of lemonade :) Stone wrapped craftsman style columns with brick colored pavers add to the curb appeal! The downstairs is ALL living space with the sleeping quarters upstairs. Much like a vintage floor plan, maximizing the square footage and privacy! The kitchen has stone countertops, plenty of storage cabinets and a large island. A small screened lanai offers a nice spot to relax outdoors overlooking the backyard and another way to access the 2 car garage and driveway. The second floor opens up to a nice loft space, 3 bedrooms 2 bathrooms and laundry room. The primary suite has tray ceilings and an ensuite bath with double sinks, shower with bench and huge closet. The home has lots of windows and lightly colored finishings. A mix of luxury vinyl plank and tile means this home is move in ready aside from personalization! This location is going to be PRIME once all the amazing projects come to fruition! Although this is in Winter Garden, you are situated between 2 amazing cities! Look up Clermont’s Olympus Project, it will blow your mind! Whether you choose to visit Historic Downtown Winter Garden or Clermont, you will find yourself surrounded by community with tons of things to enjoy! West Orange and South Lake County offer an easy commute to all of central Florida’s attractions, downtown Orlando & the international airport. Just a few miles from a local favorites! Enjoy the weekly Farmer’s Market on Saturday morning in Winter Garden and Sunday morning in Clermont! Both have monthly and seasonal celebrations year round! The West Orange Bike Trail runs through the middle of town w/ a splash pad, posh restaurants, specialty boutiques, coffee shoppes & more! Enjoy the historic architecture with brick streets and a true hometown feel! Be sure to visit The City of Winter Garden’s website to find out “Where Good Things Grow”, where you can stay up to date with all the news & events! A great the place to live, work & play for ALL ages!
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.
