Welcome to 1931 Deep Creek Drive, an exceptional residence in a private gated community in North Lakeland, offering approximately $125,000 in high-end upgrades and a true resort-style backyard. A striking double-door entry opens to an elegant, light-filled interior featuring luxury vinyl plank flooring throughout the main living areas and the primary suite. The living room is anchored by a custom electric fireplace feature wall with built-in shelving, creating a sophisticated yet inviting space ideal for entertaining or relaxing in style. The designer kitchen is both functional and beautiful, showcasing granite countertops, upgraded stainless steel appliances, custom tile backsplash, and a fully built-out pantry with added backsplash. The laundry room has been enhanced with additional cabinetry and countertop space, offering convenience without sacrificing design. The primary suite serves as a private retreat with a large walk-in closet and a spa-inspired bathroom featuring a walk-in shower and oversized soaking tub. Step outside to your own luxury poolside escape. The expansive backyard is fully fenced with vinyl fencing and designed for year-round enjoyment, complete with a custom pool featuring a sun deck, paver patio, and screened-in lanai. Thoughtfully placed ambient outdoor lighting creates an elegant nighttime atmosphere, while the outdoor projector with roll-down screen transforms the space into a private open-air theater—perfect for unforgettable evenings under the stars. Additional premium upgrades include plantation shutters, upgraded light fixtures and ceiling fans, gutters, new landscaping with decorative curbing, and ProVista grass. The extended driveway and paver side driveway provide ample space for luxury vehicles, a boat, or recreational toys—an increasingly rare and valuable feature. With low HOA fees, a gated entrance, and a backyard designed to rival a private resort, this home delivers refined Florida living at its best. A rare opportunity for discerning buyers seeking luxury, privacy, and an elevated pool-home 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.
