Welcome to this charming 2-bedroom, 2-bath home located in the peaceful GOLF CART–friendly community of Mount Plymouth. This neighborhood offers the perfect blend of a quiet rural vibe while still being conveniently close to everyday essentials and local attractions. Just a 15-minute drive to the charming downtown of MOUNT DORA, you’ll enjoy boutique shopping, local dining, parks, and community events. Outdoor lovers will also appreciate being just 10 minutes from KELLY PARK ROCK SPRINGS, known for its crystal-clear water and relaxing natural lazy river. For commuters, you’ll love the easy access to Florida State Road 429, making travel to Orlando a CONVENIENT 35-minute drive. Inside, the home features an OPEN-CONCEPT layout where the kitchen and dining area flow seamlessly into the living room, perfect for entertaining guests or enjoying cozy evenings at home. The stylish kitchen features CONCRETE COUNTERTOPS, tiled backsplash, and STAINLESS-STEELE APPLIANCES including a dishwasher, stove, and microwave, combining modern updates with functional design. The primary bedroom suite offers a warm and stylish retreat, featuring custom sliding BARN DOORS that lead into the beautifully updated ensuite bathroom featuring a WALK-IN SHOWER and DUAL SINKS. The primary bedroom also includes a 5x5 walk-in closet with matching barn doors for added character and storage. The second bedroom is generously sized, while the second bathroom has also been tastefully updated, providing comfort and style for guests or family members. Sliding glass doors from both the living room and primary bedroom open into a 8 x 28 ENCLOSED LANAI with a convenient laundry closet. This back porch is surrounded by LARGE WINDOWS overlooking a lush backyard filled with mature trees and beautiful greenery. It’s the perfect place to relax, sip your morning coffee, and enjoy the peaceful natural scenery. Recent UPDATES include AC SYSTEM was replaced 3 years ago, HYBRID WATER HEATER (3 years old), ROOF replaced in 2018, UPDATED Electrical panel. The home also features solar panels with a SMART METER, keeping the average electric bill around just $12/MONTH. The solar panel payment is $127/MONTH, offering excellent energy efficiency and long-term savings. Additionally, fiber optic internet is available in this area, which makes it ideal for remote work, streaming, and modern connectivity. If you’re looking for a home that offers peaceful living, nature nearby, and convenient access to the city, this Mount Plymouth gem is one you won’t want to miss.
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.
