Spectacular Townhome, 3-bedrooms, 2.5 bathrooms with 1724 sqft, CORNER UNIT, awaits you at 273 Arbor Lakes Dr., Davenport Fl 33896, in the HIGHLY DESIRABLE gated community of Lake Bluff at Town Center. This beautifully maintained and updated residence offers an OPEN CONCEPT FLOOR PLAN with TILE FLOORING carries over throughout the spacious main floor. Featuring a COMPLETELY NEW KITCHEN (2025) with modern white solid custom wood cabinetry and beautiful quartz countertop, a breakfast bar, EAT IN SPACE, closet pantry. All this overlooking the large great room and dining area with all the natural light radiating from the 3-panel sliding glass doors that welcomes you outside to a large TILED COVERED SCREEN-IN LANAI with a view to the community green area, added privacy shades, perfect for entertain family and friends or relax and enjoy the Florida weather and the breathtaking sunsets. The 1st floor also includes a ½ bath for family convenience. STEPPING UPSTAIRS, there is a loft space, perfect for an office or extra living area, two spacious bedrooms with a share bathroom, a conveniently located LAUNDRY ROOM that includes a washer & dryer, the MASTER BEDROOM featuring a walk-in closet, ensuite bathroom complete with dual sink, glass framed walk in shower and convenience linen closed. This Home also features a FULL BLOCK STRUCTURE CONSTRUCTION on 1st and 2nd floor, one car garage with a two-car parking pad so there is no shuffling of cars in the mornings. And for your piece of mind a completely NEW ROOF replaced in (2026). Nothing to do here a MOVE-IN READY HOME. The community offers; a RESORT STYLE POOL, featuring poolside lounge chairs, an expansive COVERED seating area, and convenient bathrooms. Lake Bluff has, NO CDD, a LOW HOA THAT INCLUDES, exterior lawn maintenance, irrigation, community pool and community gate. The community is CENTRALLY LOCATED minutes away from supermarkets, Hospital, pharmacies, schools, award-winning restaurants, movie theaters, World-Class golf courses, Walt Disney World, Champions gate center, Posner Park Shopping Center, so many wonderful and entertaining area attractions close by. Easy access to main roads like; Interstate I-4, State Road 429, US 192, Highway 27 and State Road 417. An exceptional opportunity for a Buyer(s) seeking a refined living. Call for your private showing TODAY.
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.
