Welcome to this BEAUTIFULLY MAINTAINED first-floor condo in the sought-after Coach Homes at Mariners Village near Conway, where stylish upgrades, effortless comfort, and a PRIME ORLANDO LOCATION come together beautifully. Offering 2 bedrooms, 2 baths, and a private 1-car garage with EPOXY FLOORING, this inviting home is tucked inside a QUIET, WELL-KEPT COMMUNITY and delivers the perfect blend of charm and low-maintenance living. Step inside and immediately appreciate the bright open-concept layout, where the Living Room, Dining area, and Kitchen flow seamlessly together beneath an abundance of NATURAL LIGHT. Updated WOOD-LOOK TILE FLOORING throughout the home creates a warm, modern feel while adding durability and easy upkeep. The spacious Living Room is FILLED WITH SUNLIGHT and features sliding glass doors that open to the COVERED and ENCLOSED SCREENED PATIO, creating the perfect indoor-outdoor retreat for relaxing mornings or peaceful evenings. The Dining area also offers sliding doors to the patio and is accented by a CUSTOM BUILT-IN WALL FEATURE complete with cabinetry, shelving, and a stylish bar area, making entertaining both easy and elegant. At the heart of the home, the stunning UPDATED Kitchen truly shines with crisp white cabinetry, marble-look countertops, stainless steel appliances, a WALK-IN PANTRY CLOSET, and a center island with breakfast bar seating—a space that feels equally functional and designer-inspired. As you make your way through the hallway to the Bedrooms, you'll notice how its enhanced with CLASSIC WAINSCOTING, adding a refined touch of architectural detail. The GENEROUS PRIMARY SUITE offers a relaxing private retreat, complete with a walk-in closet and beautifully UPDATED EN SUITE BATH featuring a modern vanity and sleek step-in shower. A second spacious bedroom and nearby full bath provide flexibility for guests, family, or a home office. Additional MAJOR UPDATES include a NEW ROOF (2022), NEW AC (2022), and WATER HEATER (2017), adding peace of mind and true MOVE-IN READY convenience. Residents of Coach Homes at Mariners Village enjoy FANTASTIC AMENITIES including a clubhouse, sparkling community pool, and beautifully maintained grounds, while the HOA covers cable, internet, water, trash, exterior maintenance, grounds maintenance, and pool care—allowing you to enjoy a CAREFREE LIFESTYLE. Perfectly located near the highly desirable Conway district, you’ll enjoy EASY ACCESS to shopping, dining, and outdoor recreation around Lake Conway. Downtown Orlando, Lake Eola Park, the Dr. Phillips Center for the Performing Arts, and Orlando International Airport are all JUST MINUTES AWAY, along with quick access to major highways and Central Florida’s WORLD-FAMOUS ATTRACTIONS. With its designer-inspired updates, bright open layout, screened patio, and unbeatable location, this Coach Homes at Mariners Village condo offers an EXCITING OPPORTUNITY to enjoy easy, stylish Florida living at its best. Make this home yours before its gone!
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.
