One or more photo(s) has been virtually staged. Roof (2022) + 6 Windows Replaced (2022) + Resurfaced Pool & Hot Tub (2021)—the big-ticket updates are already done so you can move in with confidence. Bring your RV, BOAT, or TRAILER—this cutie sits on a fenced, oversized .28-acre corner lot with plenty of room to spread out. Pool days and shaded afternoons under the covered porch are what this home is all about—paired with a layout designed for simple, everyday living. Inside, you’ll find a more traditional, defined layout with no wasted space—just comfortable, functional living throughout. The living room features a wood-burning fireplace, and the kitchen offers granite countertops with easy access to the main living areas, along with a dining area. The primary suite has direct access to the covered porch through the updated sliding glass door with built-in blinds, creating a nice transition to your outdoor living space. From there, step out to your private retreat with a screened enclosure, resurfaced pool and hot tub, and a backyard designed for relaxing or entertaining. (Propane tank for spa is leased.) You’ll also appreciate the interior laundry room under AC—a must-have in Florida. Concrete block construction with a faux brick exterior adds to the home’s structure and character. Additional updates include a water heater and an AC system (approx. 10 years old)—both replaced from the original, plus a home warranty included for added peace of mind. Inside, you’ll find easy-care flooring throughout most of the home —ideal for low-maintenance living and those looking to minimize allergens. Conveniently located with quick access to Interstate 4, making commutes to Orlando, Lake Mary, and Sanford easy, and close to local hospitals, emergency care, grocery stores, dining, and everyday essentials. If you’ve been looking for a home that’s easy to live in, easy to maintain, and ready to enjoy—this one checks the boxes.
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.
