This beautifully maintained 4-bedroom, 2.5-bath home, only 2 years old, offers modern living with an open floor plan that’s perfect for families and entertaining. Located in the desirable Deltona area, it’s just a short drive north of Orlando, with easy access to the highway. The spacious layout includes a Den, ideal for a home office or playroom, and a generously sized extended back patio that leads to an oversized yard — perfect for creating your future pool or outdoor oasis. Home features Luxury Vinyl Flooring on the entire lower level for durability and style 42” Cabinets in the kitchen, paired with high-end stainless steel appliances: vented microwave, dishwasher, and stove Quartz Countertops in the kitchen and all bathrooms for a sleek and modern touch Cozy Shaw Carpeting in the bedrooms and loft area, providing added comfort Moen Chrome Plumbing Fixtures in the kitchen and bathrooms for a polished, modern finish A Semi-Frameless Shower Enclosure with a rain head shower in the luxurious master suite Blackout Blinds in both the primary bedroom and game room, ensuring privacy and comfort. This home is also equipped with a advanced Rainsoft EC-5 water softener to provide endless supply of luxurious water throughout the home and built to last a lifetime. Additionally, the home features stylish window treatments throughout and a fully fenced-in yard, providing both security and privacy. The primary suite includes an impressive large walk-in closet, adding both functionality and convenience to the space. This home is an exceptional find for anyone seeking comfort, modern amenities, and ample room for growth in a vibrant community.
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.
