Welcome to this beautifully updated 3-bedroom, 3-car garage pool home located in the highly sought-after Country Club of Mount Dora - a well-established, friendly golf community known for its tree-lined streets, clubhouse, restaurant, and vibrant social lifestyle. This impressive 2,869 sq ft residence offers timeless curb appeal with a stately brick and stucco exterior, lush landscaping, and a charming rocking chair front porch. Positioned with serene forest views along the side and rear, the home also features a spacious paver patio, gazebo that conveys, and a fully fenced backyard with a dedicated dog run, perfect for both relaxing and entertaining. Inside, you’ll find an elegant and airy layout with soaring 19-foot ceilings in the foyer and living room, enhanced by updated finishes including wood-look tile flooring, fresh interior paint, and all new ceiling fans throughout. The formal living and dining areas are centered around a wood-burning, two-sided fireplace with stylish shiplap accents and open seamlessly to the pool area through expansive glass sliders. The heart of the home is the gourmet kitchen, featuring soft-close wood cabinetry, granite countertops, a 5x10 island with breakfast bar, glass cooktop, double wall ovens, large pantry, dining nook, and a newly updated kitchen sink, all flowing into a spacious family room ideal for gatherings. A generously sized laundry room includes a new sink and faucet, additional storage, and folding space. The fully renovated primary suite is a true retreat, showcasing a tray ceiling, French doors to the pool, and a luxurious spa-like bathroom with freestanding soaking tub, updated walk-in shower with new fixtures, dual walk-in closets, and custom finishes throughout. Upstairs, you’ll find two guest bedrooms, a full bath with new shower fixtures and updated shower door, and a versatile loft space. Step outside to your private oasis - a 31x44 roof-covered, screen-enclosed pool and lanai complete with skylights, grill station, pool shower, and a waterfall spa with solar-heated saltwater system. The pool deck has been upgraded with a crushed granite finish, and a robotic pool cleaner (just one year old) is included for added convenience. This home is packed with valuable upgrades, including: New roof, New downstairs A/C + separate upstairs system, Whole-house solar system (financed) + paid-off solar pool heating, New pool pump, New fence & fully fenced yard, Hurricane shutters on rear Newer dishwasher (2 years). With thoughtful renovations, energy-efficient features, and exceptional indoor-outdoor living, this home offers the perfect blend of comfort, style, and functionality in one of Mount Dora’s premier communities. Tour this home today!
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.
