Welcome home—where modern upgrades, smart home convenience, and spacious living come together on a quiet cul-de-sac with nearly a quarter acre of land. This beautifully refreshed home features 4 bedrooms, 2.5 bathrooms, plus a versatile flex room—perfect for a home office, guest space, or optional 5th bedroom. From the moment you arrive, you’ll notice the freshly repainted interior and exterior, creating a clean, modern feel throughout. Inside, luxury vinyl flooring flows seamlessly across the main living areas, enhancing both style and durability. The home offers multiple living spaces, including formal living and dining rooms, along with a welcoming family room ideal for everyday living or entertaining. The expansive kitchen features ample cabinetry, generous prep space, and a picturesque view of the backyard—perfect for both casual meals and hosting gatherings. Upstairs, you’ll find a large bonus/flex space, along with a thoughtfully designed layout that includes a spacious primary suite with dual vanities, a walk-in shower, and a generous walk-in closet. Three additional bedrooms provide flexibility for family or guests, while the upstairs laundry room adds everyday convenience. Major system updates include: NEW roof Jan 2024 NEW luxury vinyl flooring Fresh interior & exterior paint Dual A/C units (main unit ~3 years old; upstairs unit replaced Oct 2024) This home is also equipped with smart home technology, including: Ecobee smart thermostat Monitored sprinkler system Ring cameras (front door & garage) Smart light switches Step outside to your private backyard retreat, featuring a covered porch, firepit area, and vinyl fencing—ideal for relaxing evenings or entertaining under the Florida sky. Located just minutes from Mount Dora and Apopka, with easy access to SR-429 and FL-46, and close to scenic parks, trails, and natural springs, this home offers both convenience and lifestyle. Move-in ready, thoughtfully updated, and designed for modern living—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.
