Welcome home to Wekiva Run, a gated community nested in the serenity of Apopka. As you approach the home, you’ll notice the cared for landscaping and cozy sitting area to the right of the front double door entrance. Once you enter, you’ll see the formal living room and the high ceilings with the abundance of natural light throughout the home. To the left is a dedicated bonus room that could be used as an office, nursery, or play room. The formal dining room is to the right that also leads you into the kitchen. 3-way split floor plan. The primary bedroom is on the left side of the home with access to the covered patio. The primary bedroom also has two walk-in closets. The primary bathroom has double vanities, shower, jetted spa tub, and separate water closet. There are 3 other bedrooms on the right side of the home and 2 bathrooms. The family room is adjacent to the kitchen. The family room has glass sliders that open to the screened patio to create indoor/outdoor living. The kitchen has two pantries, granite counter tops, and appliances that are a year old. The kitchen overlooks the family room and includes a breakfast nook. The inside laundry room is adjacent to the kitchen and the garage. The upstairs is a perfect getaway for in-laws, guest, or a teenager that wants their own space. The upstairs sanctuary has storage space, living room, full bathroom, and a bedroom. It really is a spectacular area. The carpet upstairs is brand new. There is an extra-long pavered driveway that leads to the 3-car side entry garage. Plenty of space for extra parking or extra space for your boat or golfcart. The home sits on a .40 acre lot that has a completely fenced huge backyard that you could easily install a pool and still have plenty play space, or gardening space. The backyard is a blank slate for you to have fun with. Water Heater is 2024. The roof and AC are both 2006. Seller has a roof replacement and AC replacement quote and is willing to have these replaced after Closing for Buyer with an acceptable offer. Wekiva Run is conveniently located near the 429 for easy access to Orlando, Sanford, Lake County, or Volusia County.
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.
