Located in a strategic area of Orlando, this beautiful property combines modern design, functionality, and a prime location near the University of Central Florida (UCF), with quick access to major highways such as 408 and 417, providing easy connectivity to Downtown Orlando, shopping areas, restaurants, and entertainment venues. This 3-bedroom residence offers a smart layout with well-distributed spaces. Upon entry, the primary bedroom is conveniently located to the left, offering privacy and comfort; this spacious suite features ceramic tile flooring, a ceiling fan, a walk-in closet, and direct access through sliding doors to the jacuzzi area. The primary bathroom was fully remodeled in 2025 and includes a modern, oversized shower and an elegant vanity that adds a touch of luxury. The half bathroom located at the entrance was also recently renovated in 2020 with contemporary finishes. The main living area stands out for its abundant natural light, enhanced by skylights and sliding doors that lead to the Florida Room, creating a bright and inviting atmosphere. The kitchen, fully remodeled in 2020, showcases new cabinetry, white quartz countertops, a modern backsplash, and new appliances including a refrigerator and dishwasher, along with an island that provides additional storage, making it ideal for cooking and entertaining, while the living and dining areas flow seamlessly in an open-concept design. The entire first floor features high-quality ceramic tile flooring installed in 2020, adding elegance and durability along with the electrical panel replaced in 2020 and the roof was installed in 2022, ensuring the home is well maintained and move-in ready. On the second level, a spacious loft offers an excellent option for an entertainment area, office, or family space overlooking the first floor, and all bedrooms include ceiling fans. The Florida Room can be accessed from the primary bedroom, living room, and family room, creating a seamless indoor-outdoor connection. The exterior is perfect for enjoying the Florida lifestyle, featuring a private chlorine pool with a depth of up to 8 feet, fully fenced for added privacy and security, along with a pool pump and filter installed in 2018, and a two-car garage. This home represents an excellent opportunity for buyers seeking a move-in ready property with modern finishes, functional spaces, and a prime location near UCF, major highways, and the heart of Orlando.
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.
