Welcome to this exceptional executive home, perfectly situated on a quiet cul-de-sac in one of Lake Mary's most desirable neighborhoods. Offering an ideal blend of elegance, comfort, and flexible living space, this beautifully designed home is perfect for growing families, multi-generational living, and those who love to entertain. The heart of the home is the expansive kitchen, featuring abundant cabinetry and counter space while opening seamlessly to the spacious family room, creating the perfect gathering place for family and friends. A formal dining room provides an elegant setting for special occasions, while a versatile bonus room is ideal for a home office, fitness room, or playroom. The impressive first-floor primary suite is a true retreat, offering generous space and peaceful views of the private backyard and sparkling pool. The luxurious ensuite bathroom features a spacious walk-in shower, a relaxing standalone soaking tub, and a large walk-in closet designed with comfort and convenience in mind. An enclosed, air-conditioned Florida room provides additional year-round living space and can easily serve as a game room, media room, man cave, or hobby space. Upstairs, you'll find four generously sized bedrooms, two full bathrooms, and an oversized loft that offers endless possibilities. This flexible space is perfect as a second family room, media area, homework station, or private living quarters for in-laws, guests, or anyone seeking their own space. Step outside to enjoy the fully fenced, private backyard oasis, where the pool and outdoor living areas create the perfect setting for relaxing weekends, entertaining guests, and making lasting memories. Located in this highly desirable, well-established community, you will have easy access to 1-4, the 429, highly rated hospitals, Sun Rail and a wide selection of shopping and restaurants. This home puts you within easy reach of downtown Orlando, Winter Park, theme parks/attractions, east coast beaches and the Space Coast. Seminole County Public Schools are highly regarded. This immaculate gem is freshly painted, move-in ready , roof replaced in 2018 and a perfect place to create lasting memories. Call me today for you private showing.
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.
