Experience serene waterfront living in this exquisite 4-bedroom, 2.5-bathroom residence, complete with a hidden office and an inground heated pool and spa, located in the highly sought-after Hammocks subdivision of Walden Lake. Designed for comfort and elegance, this home offers luxurious upgrades throughout and is truly move-in ready. Step inside to be greeted by breathtaking views of your private pool and tranquil waterway beyond. The spacious living room features soaring ceilings and a charming brick wood-burning fireplace, creating an inviting atmosphere for family gatherings and entertaining. Gleaming luxury vinyl plank flooring flows throughout the home, with plush carpeting in two of the bedrooms for added comfort. The recently renovated kitchen is a chef’s dream, showcasing stainless steel appliances, a cleverly hidden spice rack, built-in shelving, ample cabinetry, and countertops, all accented by a unique custom coffee bean backsplash. A large walk-in pantry, conveniently located off the laundry room, offers abundant storage options. Retreat to the primary bedroom suite boasting an ensuite bathroom with dual sinks, a walk-in tiled shower, a spacious walk-in closet, and separate sliding doors leading to a peaceful side patio. An additional bedroom with a nearby half bathroom is perfectly situated just off the primary suite, ideal for guests or a private sitting area. The discreet office space is cleverly concealed just beyond a stylish bookshelf, providing an ideal work-from-home environment. The other bedrooms and second full bathroom are thoughtfully positioned on the opposite side of the home, offering privacy and separation. Step outside to your screened-in brick patio overlooking the heated inground pool and spa, freshly resurfaced in 2026. Enjoy ample outdoor living space while savoring picturesque water views and tranquil surroundings. Additional highlights include a newer roof (2015) and HVAC system (2016), ensuring peace of mind. Conveniently located near an array of restaurants, shopping, and with easy access to I-4, this home offers effortless commuting to both Tampa and Orlando. Don’t miss the opportunity to call this waterfront sanctuary your new home!
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.
