Welcome to this extraordinary, fully renovated custom residence in the desirable St. James Park community of Kissimmee. Situated on a spacious homesite with NO HOA, this impressive 4-bedroom, 4.5-bath home offers approximately 3,300 square feet of luxurious living space designed for both everyday comfort and exceptional entertaining. From the moment you arrive, you'll notice the custom arched front entry doors with decorative iron accents, new windows throughout, and an expansive driveway offering ample parking. Inside, the home showcases Luxury Vinyl Plank flooring, crown molding, custom chair rails, recessed lighting, plantation shutters, built-in illuminated niches, and a premium built-in sound system. The stunning gourmet kitchen has been completely remodeled and features granite countertops, custom cabinetry, a Sub-Zero like Frigidaire Gallery refrigerator and freezer, built-in stainless steel appliances, upgraded hood vent, cooktop, built-in trash compactor receptacle, built-in Ice maker and a spacious breakfast bar with seating for four. The elegant dining room features a decorative coffered ceiling, crown molding, upgraded lighting, and a spectacular built-in wine cellar accented by custom iron doors. The grand living room is highlighted by a dramatic custom spiral staircase, a floor-to-ceiling entertainment wall, and a liquid gas fireplace creating a warm and inviting focal point. The private office is enclosed with floor-to-ceiling glass walls and doors and includes a custom built-in desk area, providing the perfect work-from-home environment. The expanded laundry room offers additional storage cabinets, folding counters, and decorative tile flooring. The custom oak staircase features integrated lighting for added elegance. Retreat to the luxurious owner's suite featuring oversized tile flooring, additional recessed lighting, dual custom closets with built-ins, a private sauna, freestanding soaking tub, dual vanities with electronic mirrors, and a spacious walk-in shower with rain head fixture and upgraded controls. Bedrooms two and three feature hardwood flooring, crown molding, plantation shutters, walk-in closets, and access to a beautifully renovated Jack-and-Jill bathroom complete with marble tile, decorative corner soaking tub, and glass-enclosed shower. Bedroom four offers a private spa-like bathroom with subway tile accents, quartz countertops, upgraded rain shower fixtures, glass enclosure, and additional custom upgrades. Outdoor living is where this home truly shines. Enjoy the oversized screened pool enclosure featuring a large covered lanai with designer paddle fans, an island-themed entertainment bar with sink, microwave, and television, a massive pool deck, oversized Salt Water swimming pool, and a beautiful faux-stone privacy fence—perfect for hosting gatherings year-round. Additional features include a dedicated pool bath with walk-in glass-enclosed shower and a large two-car garage currently utilized for storage and golf cart space. Roof shingles replaced (2023), Water Heater (2023), AC bedrooms (2022) , AC remaining house (2018). This one-of-a-kind home combines luxury, craftsmanship, and functionality with the rare benefit of NO HOA. Conveniently located near shopping, dining, schools, medical facilities, and major Central Florida attractions, this exceptional property is truly move-in ready.
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.
