Welcome home to this impressive 5 bedroom, 3 bath residence that truly checks all the boxes. From the moment you step inside, you’re greeted by an abundance of natural light, soaring high ceilings, pristine tile flooring throughout, and an open-concept layout designed for both everyday living and effortless entertaining. There is a bonus den/office space right near the front, and in the heart of the home is the spacious kitchen, thoughtfully appointed with stainless steel appliances, wooden cabinetry, and beautiful Corian countertops that overlook the main living area, perfect for staying connected while cooking or hosting guests. Just off the kitchen, a formal dining area provides an ideal setting for family meals, holiday gatherings, and special occasions. A standout feature of this home is the easily accessible in-law suite located on the main level, complete with its own full bathroom and walk-in closet. This flexible space is versatile for multi-generational living, accommodating long-term guests, or serving as a private home office or retreat. Upstairs, you’ll discover a spacious loft that serves perfectly as a second living area, media space, or game room, offering endless flexibility to fit your lifestyle. The oversized primary bedroom provides a true retreat with plenty of room to unwind, while three generously sized guest bedrooms offers ample closet space and versatility for growing households, hobbies, or work-from-home needs. Thoughtfully designed from top to bottom, every inch of this home emphasizes comfort, functionality, and livable space for today’s modern living. Step outside to enjoy Florida living at its best. The backyard features a covered lanai that will elevate your grilling and outdoor dining experience, featuring plenty of open space to relax, play with pets, or entertain friends and family on evenings and weekends. Located in the highly desired Grand Island Reserve community, this home strikes a perfect balance between peaceful living and convenient access to everything you need. Centrally located, where you will be just minutes from all of the essentials such as top schools, shopping, entertainment, and 40 minutes from Orlando and all of its exciting theme parks and attractions. This is a must-see home with room to grow and endless possibilities. Schedule your private showing today and experience all that this beautiful Grand Island Reserve home has to offer!
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.
