Welcome to an extraordinary lakefront estate built by renowned luxury builder Hannah Bartoletta, located within the exclusive gated enclave of Water’s Edge in the highly sought-after Wilderness Lake Preserve community. Perfectly positioned on the lake, this exceptional 5-bedroom, 5-bathroom residence offers breathtaking water views, private lake access, and refined Florida living at its finest. Water’s Edge residents enjoy access to a private community dock, enhancing the waterfront lifestyle this remarkable home provides. From the moment you arrive, the home makes a lasting impression with a brand-new roof (2026) and newly paved driveway (2026), enhancing both curb appeal and long-term value. Step inside the grand foyer, where you are welcomed by stunning formal living and dining rooms that set the tone for the home’s elegance and spacious design. The right wing of the home features a private first bedroom and full bath, along with the luxurious primary owner’s retreat. This impressive retreat showcases beautiful wood flooring, two custom closets, and a spa-like en-suite bath designed for relaxation and comfort. At the heart of the home, the massive gourmet kitchen is a chef’s dream, featuring 42-inch cabinetry with crown molding, high-end stainless steel appliances, quartz countertops, center island, and an oversized walk-in pantry. Designed for both entertaining and everyday living, this space flows seamlessly into the main living areas and offers spectacular views of the outdoor oasis and lake beyond. On the opposite side of the home, you will find three additional bedrooms, all generously sized, along with two well-appointed bathrooms—creating an ideal layout for family or guests. Upstairs, a spacious media room provides the perfect setting for movies, games, and entertaining. This level also includes a full bathroom and a large private balcony overlooking the expansive backyard, and breathtaking lake views. Step outside to experience a true entertainer’s paradise. The outdoor living space features a sparkling saltwater pool and spa, two separate covered living areas, a fully equipped outdoor kitchen, and a cozy gas fireplace—perfectly designed to embrace the Florida lifestyle year-round. Pocket sliding doors open completely, seamlessly blending indoor and outdoor living spaces and creating a dramatic, open-air experience. Nearly every room in the home captures stunning views of the pool, large backyard, and tranquil lake. Located within the highly desirable Wilderness Lake Preserve, residents enjoy access to resort-style amenities that enhance everyday living. This award-winning community offers a lakeside clubhouse, state-of-the-art fitness center, resort-style swimming pools, tennis courts, playgrounds, and scenic nature trails throughout beautifully preserved natural surroundings. Residents also enjoy access to the community’s lakes for kayaking, canoeing, and outdoor recreation, making Wilderness Lake Preserve one of the most sought-after lifestyle communities in Land O’ Lakes. This rare lakefront opportunity combines timeless craftsmanship, luxurious upgrades, and an unbeatable location within one of Land O’ Lakes’ premier communities. Experience the perfect balance of elegance, comfort, and waterfront living in this truly exceptional home.
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.
