Welcome home to 25515 Hawks Run Lane! SLATE TILE ROOF REPLACED IN 2023! Located within the coveted gated and golf course community of Red Tail (Heathrow Country Estates), this David Weekley home offers it all. This 4,000 square foot pool home is situated on 0.44 acres and offers panoramic views of the fairway on the 2nd hole of the golf course. The home boasts 4 bedrooms, 4 full bathrooms, an office and an upstairs bonus room. When you enter through the grand double door entry, you are welcomed into the foyer with soaring ceilings. To the right is the formal dining room and to the left is the dedicated office with french doors. Straight ahead is the formal living room with views directly out to the private pool and spa. A stand out feature of this home is the split floor plan. On the left side of the home is the first floor primary suite with a large bay window overlooking the pool and golf course. The primary extends into the en-suite with a soaking tub, dual vanities, walk-in shower and large walk-in closet. The right side of the home offers 3 guest bedrooms. One of the bedrooms is situated with its own full bathroom, as well as an access door to the lanai. The remaining 2 bedrooms feature a Jack-and-Jill bathroom with separate vanities. The kitchen is situated in the center of the home and is designed to be the ultimate entertaining space. The kitchen features a large island and overlooks all of the main living areas of the home, making a great feel for the open concept kitchen, living room and breakfast nook. The living room features extended ceiling height, large windows and a beautiful fireplace. Upstairs is the bonus room, which can also double as an oversized 5th bedroom, because there is a full bathroom upstairs. The outdoor area is spacious and offers an incredible pool that goes all the way to 8ft in depth. The slate tile roof was replaced in 2023! The home includes a fully paid off solar panel system. Convenience is a huge part of living in Red Tail! Located only minutes to the 429 Expressway and 15 mins from Downtown Mount Dora, access in and out is easy. PLUS the Wekiva parkway extension is fully open, allowing you to drive from Red Tail all the way to I4 in Lake Mary in only 15 minutes. This is your chance to take advantage of all that Red Tail has to offer, while also enjoying all of the nearby amenities that living in Sorrento brings to you. Call today to schedule your private tour.
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.
