Welcome home to one of Lake County’s most desirable communities— the highly sought-after Sullivan Ranch. Known for its resort-style living, this exceptional neighborhood offers outstanding amenities including a luxurious 5,000-square-foot clubhouse with a fitness center, an elegant living-room-style meeting space featuring a grand stone fireplace, and a catering kitchen perfect for gatherings. Residents also enjoy tennis courts, a stunning Junior Olympic–size swimming pool, beautifully landscaped parks, a children’s play park with splash pad, a dog park, picnic areas with grills, and miles of sidewalks ideal for walking, biking, or running. Set among preserved natural surroundings, Sullivan Ranch delivers a rare countryside feel while still offering unmatched convenience and an active, social lifestyle. This impressive six-bedroom, four-bathroom home is thoughtfully designed to meet the needs of a large or multi-generational family. The first floor features a bright, open-concept layout that effortlessly blends the dining room, living room, and kitchen into one expansive entertaining space. The fully appointed eat-in kitchen boasts stone countertops, solid white wood cabinetry with open upper shelving, a massive pantry, breakfast bar, and a casual dining area. A spacious first-floor bedroom with a walk-in closet and full bathroom provides flexibility for guests or extended family. Upstairs, a generous bonus space welcomes you—perfect for a media room, home theater, or additional family living area. The primary suite is a true retreat, offering exceptional space with two oversized walk-in closets and a fully remodeled, jaw-dropping en-suite bathroom featuring dual vanities, an expansive double shower with seating, and a private commode. Four additional well-proportioned bedrooms, each with its own walk-in closet, share two full bathrooms, providing comfort and privacy for everyone. Step outside to your private outdoor oasis. The screened-in patio features a sparkling pool, creating the perfect setting for year-round relaxation, entertaining, and family fun. With no rear neighbors, the backyard opens to serene, expansive green space that extends well beyond the home and is part of the community’s common area—offering privacy, peaceful views, and a true sense of retreat. Ideally located just minutes from the 429 Expressway and SR 441, this home provides easy access to Orlando, nearby beaches within an hour’s drive, shopping, hospitals, entertainment, downtown Mount Dora, lakes, parks, and more. This remarkable home offers space, versatility, and resort-style amenities that truly elevate everyday living—an exceptional opportunity to enjoy quality of life at its finest in beautiful Sullivan Ranch.
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.
