15K NEW REDUCED PRICE! A true and rare hidden GEM in Apopka. This MULTI GENERATIONAL style property offers remarkable space, privacy, and versatility, gracefully situated on an oversized lot totaling over ½ an acre with NO HOA. Tucked away in a peaceful neighborhood, the home delivers an elegant blend of seclusion and everyday convenience. The residence welcomes you with an open, light-filled layout featuring hardwood floors in the living and dining areas, a marble-floored kitchen with a center island, prep sink, and modern farmhouse lighting—perfect for both entertaining and refined daily living. The expansive primary suite serves as a private retreat with a beautifully remodeled bathroom, garden tub, separate shower, walk-in closet, and hardwood flooring. Bedrooms are thoughtfully positioned on one side of the home, offering comfort and privacy. A beautiful sunny spacious Florida room with ceramic tiles and vinyl windows extends the living space and overlooks a FULLY FENCED BACKYARD YARD for privacy and to enjoy those summer night entertaining or just enjoying a family barbecue. framed by lush mature landscaping, exotics flowers and an abundant of fruit trees, including orange, lemon, guava, loquat, avocado, pineapple, and plantain, creating a serene, resort-like setting. Upgrades include a NEWER ROOF (2021), HVAC (2022), SOLAR PANELS (2023), NEWER DOUBLE PANE WINDOWS and NEWER APPILANCES, DISHWASHER 2022. Designed with flexibility and elegance in mind, the property is ideal for multigenerational living, featuring a private mother-in-law suite with a fully equipped kitchen with a range, refrigerator, microwave, dishwasher, washer and dryer and walk in shower. ADDITIONAL GUEST SUITE with a fully equipped kitchen, walk in shower, and washer/dryer hook up. There is a WHOLE HOUSE PROPANE GENERATOR with automatic on/off, ELECTRIC GATED FENCE for full privacy. WOOD SHED with electricity and pre-wired METAL SHED. TERMITE BAIT STATIONS just need to be activated for a termite bond warranty. Ideally located just minutes from Semoran Boulevard, offering convenient access to shopping, dining, and everyday amenities, while also close to Wekiva Springs State Park, known for its crystal-clear springs, scenic river, and miles of hiking trails or to enjoy Lake Apopka with its stunning picturesque sunsets. This distinguished property offers more than a home—it offers a lifestyle. Schedule your private showing today and experience this exceptional Apopka residence. Buyer to verify all room measurements.
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.
