Welcome to your own private slice of Florida paradise, where every morning begins with a breathtaking sunrise over the tranquil waters of Lake Tennessee. This updated lakefront gem, located at 2819 Rogan Rd, offers a rare opportunity to enjoy serene waterfront living without the constraints of an HOA in one of Orlando’s most sought-after established communities. Sitting on a generous quarter-acre lot, the property welcomes you with lush landscaping and mature oak trees that frame a charming mid-century exterior. As you step inside the 1,512-square-foot residence, you are immediately greeted by an inviting open-concept layout that is bathed in natural light from large windows showcasing picturesque neighborhood and lake views. The interior features a perfect blend of style and function, with durable original hardwood flooring throughout the main living areas. A standout feature of this home is the stunning chef-inspired kitchen, which underwent a complete modern transformation. It boasts sleek cabinetry with soft-close doors, shimmering high-end granite countertops, a custom Penny tile backsplash, and high-end stainless steel appliances. A large center breakfast bar island serves as the perfect hub for morning coffee or hosting guests, all while keeping the chef connected to the spacious living and family room areas. For more formal occasions or relaxed evenings, the adjoining dining room provides a versatile space that opens directly to the outdoor oasis. Transitioning outdoors, the property features an expansive 18x12 wood deck that is ideal for barbecues, lounging, or simply soaking in the peaceful waterfront. The large, fenced backyard extends all the way to the shoreline, offering direct access for fishing, paddleboarding, or launching your kayak. A unique highlight is the solid block construction shed, which is outfitted with electrical, making it an ideal detached workshop, "man-cave," or "she-shed". Beyond the property lines, the location is truly unbeatable for convenience and lifestyle. Zoned for the highly-rated Conway Elementary, Conway Middle, and Boone High School district, this home is perfect for those seeking educational excellence. You are just 10 minutes from the vibrant energy of Downtown Orlando, home of the Orlando Magic, 15 minutes from Orlando International Airport, and within a short drive or bike ride of the trendy Hourglass and SoDo Districts. Major system updates, including a newer roof (2016), double-pane windows, and updated electrical and plumbing, provide lasting peace of mind for the lucky new owner. Whether you are looking for a forever home or a smart investment in a growing lakeside community, this property delivers everything you’ve been dreaming of. Schedule your private tour today and start living the lake life!
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.
