This beautifully designed home welcomes you with an open floor plan, soaring ceilings, and expansive windows that flood the space with natural light—perfect for entertaining or everyday living. Elegant travertine floors flow throughout, leading into a chef’s kitchen featuring rich wood cabinetry, a pot filler, double wall ovens, and a charming breakfast nook with custom built-ins. The Italian-inspired dining room is a true showpiece, highlighted by a stunning mural from renowned local artist Keith Goodson. Unwind in the spacious family room or retreat upstairs to a private bedroom suite complete with its own bath, built-in desk, and French doors that open to a serene private porch. Thoughtfully appointed amenities include an oversized two-car garage, whole-home generator, Rinnai tankless water heater, and an advanced allergen filtration system for year-round comfort. The roof was replaced in 2023, offering added peace of mind. A circular driveway and additional carport provide ample parking, while the home’s prime location—just steps from picturesque Lake Olivia—invites peaceful morning or evening strolls. This exceptional property blends comfort, character, and convenience. Schedule your private showing today. Local Avon Park Amenities & Attractions Located in the heart of Avon Park, this home offers easy access to the charm and convenience of one of Central Florida’s most welcoming communities. Enjoy nearby Lake Verona and Lake Olivia for walking, kayaking, and relaxing waterfront views. Downtown Avon Park features quaint shops, local dining, and year-round community events. Outdoor enthusiasts will love proximity to Highlands Hammock State Park, known for its scenic trails, wildlife, and old-Florida beauty. Golfers can take advantage of multiple nearby courses, while South Florida State College, medical facilities, and shopping centers are just minutes away. With quick access to major highways, day trips to Orlando, Tampa, or Florida’s Gulf Coast beaches are within easy reach.
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.
