Stunning executive POOL home on a premium 5.05-ACRE LOT located in one of Central Florida’s premier luxury EQUESTRIAN estate community - Ranch Club. This 4 BEDROOM, 3.5 BATH HOME, built in 2003, combines modern comfort with country charm, offering a tranquil setting for those looking for a slice of country living. With 3,989 heated SF, a 3 CAR SIDE-LOAD GARAGE and plenty of storage space, this spacious two-story layout is designed for both comfortable living and easy entertaining, featuring volume ceilings, a split floor plan with the owner’s retreat on one side of the home for privacy, generous living areas complete with a dedicated office, a formal dining room, a family room and a gathering room adorned with a DOUBLE-SIDED wood burning FIREPLACE seamlessly connecting both areas. The primary bedroom is a true retreat, with 2 WALK-IN closets with custom shelving, an en-suite with dual sinks, a soaking tub and walk-in shower, and direct access to the pool and lanai. The 3 other bedrooms are generous sized, also with walk-in closets, for the comfort of family members or guests. The BONUS ROOM upstairs, with a half bathroom, is the perfect setting for a media / game room, featuring built-in cabinetry with a MURPHY BED, and wetbar with a sink and mini-fridge. The interior laundry room is equipped with a washer and dryer, a sink, and plenty of cabinets for storage. The kitchen, with a timeless design, features upgraded cabinetry, stainless steel appliances, and a breakfast bar, while the adjacent dining nook and family room provide gorgeous and relaxing views of the pool and backyard. The completely FENCED PRIVATE outdoor space is an entertainer’s dream with the pool, a summer kitchen, an oversized enclosed patio with a projector screen, a paved seating area with a firepit, and acres of green space—ideal for expanding, customizing, or simply enjoying peaceful, secluded surroundings. The lifestyle here extends well beyond the property itself, with access to riding trails, community boat ramps and docks, connecting you to the beauty of Lake Morgan and the Lake Emma Chain of Lakes, and convenient access to Downtown Clermont’s waterfront, dining, and local favorites. If you are looking for space, natural beauty, and outdoor recreation while still being close to everyday conveniences, this home presents a rare opportunity to enjoy an elevated Florida lifestyle in a desirable Groveland community! **This house comes with a REDUCED RATE through the seller's preferred lender. This is a lender-paid rate buydown that reduces the buyer's interest rate and monthly payment.**
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.
