Tucked away on a quiet cul-de-sac in the desirable Summerview community of Mount Dora, this spacious two-story home offers the perfect blend of comfort, functionality, and Central Florida lifestyle. Built by D.R. Horton, the popular Hayden floor plan features 5 bedrooms, a flexible office or flex room, and an additional bonus room with a closet—providing exceptional versatility for growing households, guests, hobbies, or work-from-home needs. Step inside to discover an open-concept layout designed for modern living. The heart of the home is the spacious kitchen featuring granite countertops, abundant cabinetry, a large island ideal for gathering, and seamless flow into the dining and living areas—perfect for entertaining or everyday life. Tile flooring runs throughout the main living spaces while bedrooms offer comfortable carpeting. A first-floor bedroom and full bath provide an ideal setup for guests or multigenerational living. Upstairs, you'll find a generous primary suite complete with a walk-in closet and private bath, along with additional bedrooms, a versatile loft/bonus space, and convenient upstairs laundry. The additional bonus room with closet provides even more flexibility for a home gym, playroom, media room, or additional sleeping space. Beyond the home itself, Summerview places you in the heart of Mount Dora—one of Central Florida’s most charming and sought-after communities. Just minutes away is Historic Downtown Mount Dora, known for its brick-lined streets, waterfront views, award-winning restaurants, local boutiques, art festivals, and year-round community events. Outdoor enthusiasts will love being near the famous Harris Chain of Lakes, offering miles of interconnected waterways for boating, fishing, waterfront dining, and sunset cruises. Mount Dora sits within the region known as Florida’s “Golden Triangle,” connecting Mount Dora, Tavares, and Eustis—three vibrant lakefront towns rich with history, culture, and recreation. Despite its peaceful small-town atmosphere, this location provides convenient access to major destinations across Central Florida. Orlando’s world-renowned theme parks, Orlando International Airport, and major employment centers are all within easy driving distance. Florida’s beautiful Atlantic and Gulf Coast beaches are also accessible for memorable day trips. Whether you are seeking room to grow, a flexible floor plan, or the charm of lakefront living near one of Florida’s most beloved historic towns, this Summerview home offers an exceptional opportunity to enjoy the very best of the Mount Dora lifestyle.
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.
