Seller may consider buyer concessions if made in an offer ~ Welcome to LOW MAINTENANCE LIVING done right in the Greens at Forest Lake in Ocoee – this 2021 BUILT townhome is absolutely immaculately kept and truly shows better than a model! MOVE IN READY with peaceful POND VIEWS and a desirable interior unit location, this home also offers an ASSUMABLE FHA LOAN – an incredible opportunity in today’s market. Recent updates shine, starting with 2025 UPGRADES including WHITE OAK LUXURY VINYL PLANK flooring throughout (no carpet!), INTERIOR PAINT touch-ups, decorative paneling under the kitchen island, a WATER SOFTENER/FILTRATION SYSTEM, and ceiling fans throughout (including the garage!). In 2024, the home was enhanced with updated kitchen and bathroom hardware along with stylish pendant lighting, and in 2023, a modern kitchen backsplash was added – creating a fresh, cohesive look that feels current and elevated. Step inside to a light, bright OPEN CONCEPT layout designed for both everyday living and easy entertaining. The kitchen is the heart of the home, featuring a large ISLAND with bar seating, granite countertops, STAINLESS STEEL APPLIANCES, pendant lighting, and a clean, modern color palette – all flowing seamlessly into the living and dining spaces. Sliding glass doors lead to the patio where you can unwind and take in tranquil WATER VIEWS. The main floor also includes a convenient half bath, while upstairs offers a smart SPLIT BEDROOM layout for added privacy. The PRIMARY SUITE features a WALK-IN CLOSET and a private en-suite bath, while bedrooms two and three are positioned on the opposite side and share a second full bath. A second-floor laundry room adds everyday convenience. Outside, you will appreciate the paver driveway, attractive landscaping, and nearby guest parking. Residents of Greens at Forest Lake have access to community amenities including a POOL, playground, and walking trails, all just minutes from Publix, shopping, dining, and with easy access to SR-429 and Clarcona Ocoee Road for commuting anywhere in Central Florida. If you have been waiting for a townhome that truly stands out in condition, style, and location – this is it. Call today to schedule a 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.
