Do not miss this opportunity to tour a home rarely available in this community, where elegance and privacy define every space. Tucked within gated Country Lake Estates, this residence offers a secluded retreat with private lake access in one of East Orlando’s most desirable settings. The main living level is thoughtfully designed to accommodate both everyday living and multi generational needs. Formal and casual spaces flow comfortably together, anchored by a chef’s kitchen that opens to a light filled family room overlooking the pool and outdoor living areas. The primary suite is located on the main floor, offering privacy and ease of living, while a separate generational living suite features its own kitchenette and private entry, ideal for extended family, guests, or long term flexibility. Outdoor living remains a focal point of the home. Covered and open patio spaces surround the pool, complemented by an outdoor kitchen suited for entertaining or quiet evenings at home. A private, tree lined walk winds through mature cypress, leading to the dock and boat lift and offering peaceful, direct access to the lake without sacrificing the home’s sense of seclusion. Upstairs, the home continues to impress with an oversized loft and a private en suite bedroom featuring a walk in closet and its own kitchenette. This level functions beautifully as a guest retreat, secondary primary style suite, or flexible living space that feels intentionally separate from the main floor. Behind the scenes, the property reflects a high level of care and investment, including an owned solar system, whole home generator, newer roof, and a dedicated RV power connection, delivering long term efficiency and peace of mind. Ideally positioned in East Orlando, the home offers convenient access to Corner Lake, nearby equestrian areas, top rated schools, major roadways, and everyday amenities, all while maintaining the quiet privacy that defines this exceptional property. This is a rare opportunity to secure a refined home with true flexibility, private lake access, and a gated setting.
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.
