Timeless Charm and Spacious living in the Heart of Umatilla, Florida! This attractive 3,000 square foot 5 bedroom, 4 bath home with NEW roof, NEW paint, NEW appliances, and priced to SELL, blends craftsmanship and character with the space and functionality you've been searching for. Owner motivated! From the moment you step inside, you’ll be pleasantly surprised. The welcoming reception room just off the entry foyer makes a perfect home office, reading space, or creative studio. French doors open into a light-filled living room featuring painted hardwood flooring and a decorative fireplace that anchors the space with warmth and charm. The living room flows seamlessly into a generous dining area that comfortably accommodates a table for eight or more, creating an ideal setting for gatherings, celebrations, and everyday connection. The home is freshly painted inside and out. The kitchen, featuring brand new appliances, offers a delightful French country feel with open shelving and a generously sized pantry to accommodate cookware, small appliances, and all your culinary essentials. The primary bedroom suite features travertine flooring, an en suite bath, and its own private entrance that leads to a covered walkway and open patio with a fire pit. This outdoor space invites relaxation at the end of a long day and creates the perfect setting for quiet evenings under the Florida sky. The partially fenced yard offers space for gardening, play, or pets, all while maintaining minimal yard upkeep. Upstairs, you’ll discover an enchanting retreat complete with a spacious bedroom, full bath, and family loft area. Whether used for crafts, TV, gaming, or a creative escape, this flexible space adapts beautifully to your lifestyle. Downstairs, three additional bedrooms provide ample room for family and guests, including a suite with its own private entrance and covered porch. This space is ideal for multi-generational living or potential income-producing opportunities. The location is equally impressive. Umatilla is known as the "gateway to the Ocala National Forest". Enjoy a walk to parks, the library, schools, and local restaurants, or a short bike ride or drive to Lake County Regional Park with walking trails, baseball and soccer fields, tennis courts, and a dog park. You are only twenty minutes to Mount Dora, thirty minutes to The Villages, fifty minutes to Orlando, and just about an hour to Daytona Beach. If you have been searching for space, character, craftsmanship, flexibility, and location all in one, this home delivers in every way. Schedule your showing 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.
