Welcome to this beautiful home built in 2020, located in the community of Estates of Westerly in Saint Cloud, FL (34771), one of the fastest-growing areas with strong appreciation potential in Central Florida. This property features 3 bedrooms and 2 bathrooms, offering an open-concept layout with an excellent distribution of space across 1,676 sqft of living area, sitting on a generous 8,276 sqft lot—perfect for comfortable indoor living and outdoor enjoyment. The kitchen seamlessly connects with the living and dining areas, creating a functional and inviting space ideal for everyday living and entertaining. Natural light flows throughout the home, enhancing its warm and welcoming atmosphere. The primary suite provides a private and comfortable retreat with an en-suite bathroom, while the secondary bedrooms are perfect for family, guests, or even a home office. Located in a well-organized and family-oriented community, Estates of Westerly offers great amenities including a community pool, playground, and dog park, creating the perfect environment for an active and relaxed lifestyle. With a low HOA, this home delivers both value and quality of life. One of its standout features is its immediate proximity to Nova Rd, a key roadway that will connect directly to the future expansion toward State Road 534 in Saint Cloud, bringing significant improvements in connectivity, area development, and long-term property value. Just minutes from Lake Nona, shopping centers, restaurants, and major highways, this home offers a strategic location without compromising the peace and tranquility of the area. Ideal for first-time homebuyers, investors, and those looking to relocate to Florida, this is a unique opportunity to enjoy the peaceful lifestyle of Saint Cloud while your investment continues to grow with the area’s ongoing development. Don’t miss the opportunity to own in one of Central Florida’s most promising areas!
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.
