Welcome to a beautifully elevated 3 bedroom, 2 bathroom, spacious home in the highly sought-after Arbor Ridge community of Apopka—where standout curb appeal, added privacy, and thoughtful outdoor features come together to create something truly special. Set on a generous homesite, this property immediately impresses with its lush, meticulously maintained landscaping and inviting presence. A fully fenced backyard offers both privacy and versatility, while a wide side gate provides a rare and highly desirable feature—perfect for storing a boat, jet skis, or recreational equipment discreetly out of sight. Inside, a bright open and split floor plan welcomes you with abundant natural light and a seamless flow between the great room, family room, and kitchen—ideal for both everyday living and entertaining. The kitchen is the heart of the home, featuring stainless steel appliances, ample prep space, and a breakfast bar, all open to the main living areas for effortless connection. Just beyond, the dinette area is filled with natural light and overlooks the expansive backyard, creating a peaceful setting for morning coffee, casual dining, or even a comfortable work-from-home space. From here, step directly onto the screened-in patio, perfectly blending indoor and outdoor living—an essential feature for enjoying the Florida lifestyle year-round. The backyard offers exceptional space and privacy, serving as a true blank canvas for your dream outdoor retreat. Whether you envision a pool and spa, outdoor kitchen, or a cozy fire pit for cooler evenings, the possibilities are endless. The primary suite is privately positioned and features a spacious bedroom, a large walk-in closet, and an ensuite bath with a dual sink vanity, garden tub, and separate walk-in shower. Additional bedrooms are thoughtfully located on the opposite side of the home, providing comfort and privacy for family or guests. Arbor Ridge is known for its oversized homesites, mature tree-lined streets, and resort-style amenities, including a community pool, playground, beach volleyball court, and a scenic nature preserve with a walking and exercise trail. The owners have meticulously maintained and thoughtfully updated this well-loved home. Major system improvements offer true peace of mind, including a new roof (2024), A/C (2019), water heater (2022), and fresh interior and exterior paint (2021), along with kitchen appliances updated in 2018—making this home as reliable as it is inviting. Conveniently located in the heart of Apopka, you’re just minutes from everyday essentials, dining, and recreation, with easy access to the 429 for a smooth commute. Enjoy nearby favorites like Northwest Recreation Complex, Kings Landing, Wekiwa Springs State Park, Mount Dora Chain of Lakes, and the charming downtown shops, restaurants, and waterfront of Mount Dora. With its exceptional curb appeal, functional upgrades, and prime location, this home is a standout opportunity in Arbor Ridge. Schedule your private showing with me today and experience it for yourself. Virtual Tour: <iframe src="https://media.devoredesign.com/videos/019d9867-c88c-73e0-a098-16c0a29bd815" width="640" height="360" frameborder="0" allow="autoplay; fullscreen; picture-in-picture" allowfullscreen style="border: 0"></iframe>
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.
