LIMITED-TIME BUYER INCENTIVE! Seller will contribute up to 3% of the purchase price toward buyer closing costs or an interest rate buydown with acceptable offers received by August 17, 2026. Ask your lender how this credit could significantly reduce your monthly payment or cash needed to close. Experience elevated living in this fully renovated 5-bedroom, 3-bath golf course estate located within the prestigious guard-gated community of Sorrento Springs. Perfectly positioned on an oversized .37-acre homesite overlooking the 18th tee box of Eagle Dunes Golf Course, this exceptional 3,443-square-foot residence offers luxury, comfort, and breathtaking views. From the moment you arrive, the home impresses with mature landscaping, stacked-stone accents, a freshly painted exterior (2024), and a new roof (2023). Inside, soaring ceilings, elegant arched entryways, wide baseboards, designer lighting, and neutral finishes create a bright and inviting atmosphere throughout. Designed for both everyday living and entertaining, the open-concept floor plan seamlessly connects the formal living and dining rooms to the expansive great room and gourmet kitchen. Panoramic golf course views provide a stunning backdrop throughout the main living areas. The beautifully remodeled kitchen features Quartz countertops with a full-height backsplash, custom white cabinetry, upgraded stainless steel appliances, a stainless sink with pot-filler faucet, abundant storage, breakfast bar seating, and a spacious breakfast nook. The first-floor primary suite serves as a private retreat, offering serene golf course views, custom wainscoting, and a luxurious spa-inspired bath complete with a dual Quartz vanity, designer lighting, elegant gold accents, freestanding soaking tub, and oversized custom-tiled shower. Upstairs, rich Oak hardwood flooring enhances four generously sized bedrooms and flexible living space ideal for multigenerational living, guest suites, home offices, fitness rooms, or media spaces. Step outside to enjoy the covered lanai and fully fenced backyard overlooking the fairways of Eagle Dunes Golf Course. Whether enjoying morning coffee, evening sunsets, or entertaining guests, this outdoor space delivers privacy and spectacular scenery. Additional improvements include dual A/C systems, upgraded finishes throughout, and stainless steel appliances, making this truly move-in ready. Residents of Sorrento Springs enjoy resort-style amenities including a clubhouse, fitness center, community pool, playground, scenic tree-lined streets, and convenient access to shopping, dining, medical facilities, Mount Dora, Eustis, Orlando, and Florida’s world-famous beaches. This is a rare opportunity to own a fully renovated golf-front home in one of Lake County’s most sought-after gated communities.
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.
