HGTV ready and thoughtfully UPGRADED, this massive 5 bedroom + BONUS ROOM estate offers over 3,600 square feet of living space on more than three-quarters of an acre, FULLY FENCED, in the highly desirable community of Black Bear Reserve. From the moment you walk through the custom 8-foot entry door, you’ll notice the attention to detail with T&G shiplap walls and porcelain tile flooring gracefully flowing throughout the entire first floor! The sellers spared no expense and have invested over $55k in upgrades even down to Pismo Round door hardware! Designed with both function and lifestyle in mind, the home features a reimagined layout including an oversized laundry room with ample storage and prep space, along with a beautifully finished mudroom just off the garage to keep everything organized. The chef inspired kitchen boasts 42” cabinetry, granite countertops, stainless steel appliances, and a large island that opens seamlessly to the main living areas, perfect for everyday living and entertaining. A standout feature is the custom walk-in pantry, offering a full 10-foot wall of open shelving, upper cabinetry, and additional lower storage with a butcher block countertop, storage will never be an issue here!! The primary suite is conveniently located on the main floor and offers generous space, natural light, and a 36” K-Bar Solid Core Barn Door that leads into the spa-like en suite with a designer-inspired shower, elegant vanity, and a walk-in closet with shelving and hanging space. NEW HVAC (2025), NEWER ROOF (2021), NEWER Interior/Exterior Paint. Upstairs, you’ll find even more flexibility with a MASSIVE bonus room, ideal for a second living area, home theater, or playroom, there are endless possibilities! There is also a second primary suite featuring its own private bath and walk-in closet, which could make for an ideal MOTHER-IN-LAW Suite. The additional bedrooms are all generously sized, giving everyone their own space. Step outside to your oversized covered porch overlooking the expansive, FULLY FENCED backyard, plenty of room to create your own outdoor oasis. Come see this majestic home before it is too late!! Black Bear Reserve offers a unique blend of space and convenience, including high-speed internet and cable with your dues! There is also a clubhouse, tennis courts, playground, picnic area, and a floating dock. Oh and did I mention, they have a Toptracer Range powered by the same technology used at Topgolf, offering a fun, interactive driving range experience without the high price tag!! Tucked away with a peaceful, country feel, yet just minutes from Publix and the 429 for easy access to everything Central Florida has to offer. This is a home with space, flexibility, and upgrades in all the right places, schedule your private showing TODAY!
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.
