Beautifully Remodeled Lake Mary Home – No HOA! Welcome to this charming 3-bedroom, 2-bathroom home nestled in a quiet, established Lake Mary neighborhood with highly rated Seminole County Schools including Lake Mary Elementary. Featuring 1,034 sq. ft. of thoughtfully updated living space on a spacious 0.20-acre lot. This property blends modern upgrades with comfortable living—perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance lifestyle in a prime location. Step inside to an inviting open-concept layout with a split-bedroom floorplan that maximizes privacy and functionality. The kitchen shines with new granite countertops, a Samsung Bespoke refrigerator with whiteboard panel, new dishwasher, and plenty of cabinet space—ideal for everyday cooking or entertaining. Major system updates offer peace of mind for years to come, including: • New Roof (July 2023) • New AC (July 2023) • Newer Water Heater • Upgraded 200-amp service line & electrical panel (Feb. 2024) • New Exterior Doors (2024) * Exterior Paint 2025. Outside, enjoy a large, private partially fenced backyard with ample room for play, pets, gardening, or future outdoor living additions. A 10’ x 12’ shed provides extra storage, and the 1-car carport keeps your vehicle protected from the elements. Located minutes from shopping, dining, top-rated schools, and major highways—with no HOA restrictions—this move-in-ready home offers comfort, convenience, and value in one of Lake Mary’s most desirable areas. Lake Mary is known for its vibrant community and prime location within Central Florida's High-Tech Corridor. Enjoy Downtown Lake Mary with it's Saturday Farmer's Market, Shoppes, Dining, and many cultural events throughout the year. Take the family to Greenwood Lakes Park with Tennis Courts, Pavilion, Hiking and Biking Trails, Playgrounds, and is Dog Friendly. If you are into Pickelball then the Lake Mary Sports Complex is for you with several outdoor dedicated courts. The city’s downtown development district offers easy access to major roadways like Interstate 4, Florida State Roads 417 and 429, and the Central Florida Sunrail commuter rail system. For those who enjoy convenience, Lake Mary is centrally located for quick trips to East and West Coast beaches, Orlando and Sanford International Airports, as well as world-renowned attractions such as Disney World, Universal Studios, and SeaWorld. In addition to the theme parks, you’ll also be near Historic Sanford, Mount Dora, and Downtown Orlando. Whether you’re a young professional looking for a dynamic, growing community or someone in search of a home with easy access to both work and play, this property has everything you need. Don’t miss this opportunity!
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.
