**This house comes with a REDUCED RATE through the seller's preferred lender. This is a lender-paid rate buydown that reduces the buyer's interest rate and monthly payment.** Welcome to 2265 Emerald Springs Dr in Apopka, a spacious two-story home with an open floorplan designed for comfortable everyday living and easy entertaining. With well-connected living spaces and a layout that offers both function and flexibility, this home has the flow buyers are looking for. Inside, the open design creates a bright and inviting feel, allowing the main living areas to connect naturally for both daily routines and hosting guests. The two-story layout provides a nice separation between gathering spaces and private retreats, while the bedroom setup offers room for family, guests, a home office, or changing household needs. The bath layout adds convenience and practicality throughout the home. Step outside and enjoy a backyard setup made for Florida living. The screened in-ground pool and attached spa create a private place to relax, cool off, and unwind, while the surrounding deck and patio provide plenty of space for outdoor dining, lounging, and weekend entertaining. Together, these outdoor features create a welcoming extension of the home and a setting that is easy to enjoy year-round. In addition, the home comes equipped with solar panels for significant energy savings and a home water treatment system including reverse osmosis filtration. The community adds even more appeal with amenities that include a clubhouse, dog park, playground, and community pool, giving residents convenient access to recreation, gathering spaces, and everyday enjoyment close to home. The HOA also includes lawn care and landscaping, helping provide low-maintenance living and added curb appeal year-round. Located in Apopka, this home is set in an area known for its residential feel, growing convenience, and easy access to shopping, dining, parks, and major roadways. The neighborhood adds to the home’s appeal with a balance of comfort, accessibility, and the everyday convenience that makes Apopka an increasingly popular place to call 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.
