Stunning WATERFRONT ESTATE HOME in luxurious lakeside Bellalago! This Tuscan inspired premier property where you can FISH FROM YOUR OWN BACKYARD features functional Marsala floor plan with 4 BEDROOMS + SPACIOUS OFFICE (optional 5th bedroom), desirable 3-CAR GARAGE and is perfectly designed for a relaxing lifestyle and entertaining. QUALITY UPGRADES include X-Large SCREENED and OVERSIZED COVERED LANAI with EXTENDED PAVED DECK to ensure maximum comfort and to enjoy SCENIC POND VIEWS. Come inside and FALL IN LOVE with this favored layout: GRAND ENTRY with dramatic hallway featuring TRAY CEILINGS and GALLERY WALL; OPEN FLOOR PLAN, DEEP CEILINGS, TALL INTERIOR DOORS, upgraded TILE FLOORING in the living areas and the kitchen, replaced PERGO WATERPROOF LAMINATE in ALL BEDROOMS ( NO CARPET!), custom TILE in the study. Expansive fully equipped KITCHEN is featuring ample space to enjoy cooking experience: GOURMET PACKAGE with WALL OVEN & MICROWAVE, built-in COOKTOP & VENTILATION to the outside, spacious BREAKFAST BAR, beautiful GRANITE COUNTERTOPS, undermount stainless steel sink with upgraded faucet, roomy 42" upper CABINETS with crown molding, mosaic TILE BACKSPLASH, stainless steel appliances, pendant lights, multiple recessed lights, a walk-in PANTRY. Deluxe SPACIOUS OWNER'S SUITE with serene water views features grand OWNER BATHROOM with dual split sinks, granite countertops, large shower, separate tub, private water closet and generously sized WALK-IN CLOSET. Private SECONDARY SUITE has its own FULL BATHROOM. SPLIT FLOOR PLAN with 2 additional GUEST ROOMS sharing a Jack and Jill bathroom. Great bonus - ALL BEDROOMS feature WALK-IN CLOSETS! A LARGE STUDY (optional 5th bedroom) with DOUBLE DOORS and incredible water views features extended BUILT IN DESK with STORAGE and upgraded ceilings lights. Ceiling fans throughout. Designated LAUNDRY ROOM with LG washer & dryer included in the sale. Practical DROP-OFF AREA by the garage makes a perfect MUDROOM with convenient built-in granite countertop installed. HVAC was replaced in 2021. Exceptional location just around the corner from the main community entry on the cul-de-sac street. The HOA fees cover: internet, cable TV, maintenance of the common grounds and trails, entry gates and gatehouse, 24-hour Security. The Club Fees give access to the state of the art clubhouse, resort-style pools and water park, sports courts, fitness center, on-site restaurant, BOAT RAMP, BOAT LIFT and more! Situated along the shoreline on Lake Tohopekaliga (Lake Toho) this location provides a tranquil lakeside resort atmosphere, while still being conveniently close to Disney World Parks and major Orlando-area attractions, multiple dining options and shopping; home is also close to the major airports, famous beaches, and nearby championship public golf courses. We welcome you to schedule a private showing and to check it out!
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.
