Make this beautiful 2-acre estate your own! This move-in ready property offers endless possibilities with no HOA and the rare benefit of four separate buildings thoughtfully placed throughout the grounds. Nestled on a fully fenced corner lot with two gated entries, the property is less than 5 minutes from the Turnpike and the world-renowned Montverde Academy. From 2022–2025, the current owners invested over $325,000 in renovations and upgrades, making this home essentially brand new. Highlights include new roofs (2023) on the home and outbuildings, all new windows, updated Hardie board siding, new paint inside and out, and upgraded 400-amp electrical service. The property also features a new paver driveway with lighting and fire pit (2025), new fencing with illuminated entry gates, a new porch and front entry remodel (2024), upgraded landscaping with irrigation, a Sub-Zero refrigerator, and countless other modern touches. The Buildings: Main Residence (3,400+ sq ft): Originally built in 1917, this home has been beautifully updated while preserving its charm. It features 5 bedrooms and 3.5 bathrooms, including a 600 sq ft in-law suite with a private entrance. Inside, enjoy new ceramic tile floors, fresh paint, upgraded bathrooms, an open-concept kitchen with stainless steel appliances, a sunken living room with fireplace, formal dining room, sunroom, and spacious laundry room. Upstairs, the master retreat boasts a spa-like en-suite with double shower, Jacuzzi tub, dual sinks, walk-in closet, and balcony. Steel Warehouse (2,500+ sq ft): Currently outfitted as a private gym and indoor half-court basketball court with new power upgrades. Barn/Garage (2,600+ sq ft): Perfect for storing cars, RVs, boats, or hosting large gatherings. Garage Shed (800 sq ft): Ideal for tools, hobbies, or additional storage. With extensive recent renovations, modern amenities, and multiple functional buildings, this estate is truly move-in ready with the hard work already done. Whether you’re looking for space to entertain, work, or play, this unique property delivers. Schedule your private tour today—this one-of-a-kind estate is ready for its next chapter!
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.
