ENJOY THE BEST OF FLORIDA LIFESTYLE IN THIS POOL HOME WITH LAKE VIEWS located in a quiet, highly desirable community on Lake Beauclaire—part of the renowned Harris Chain of Lakes. This intimate neighborhood of just 45 homes offers a peaceful, rural setting with exclusive amenities including a Private Boat Ramp, Fishing Pier, and dedicated Storage Lot for Boats and RVs. This spacious 4-Bedroom, 2-Bath home is designed for both everyday comfort and effortless entertaining. The open floor plan features Formal Living and Formal Dining Room, both with serene Lake Views, while the expansive Kitchen flows seamlessly into a large Family Room overlooking the screened-in Pool. Sliding Glass Doors provide easy access to the outdoor living space—perfect for hosting gatherings or relaxing poolside. The home boasts Tile flooring throughout—no carpet—offering both style and easy maintenance. The Primary Suite is a private retreat with a Walk-in Closet, Dual Sinks, a Walk-in Shower, and a luxurious Garden Soaking Tub. On the opposite side of the home, two additional bedrooms share a full bath with convenient pool access, while a fourth bedroom near the interior laundry room is ideal for guests, a home office, or flex space. Roof 2022, AC 2017, Water Heater 2025, Pool Pump 2025, Dishwasher 2025, Range 2025. Additional highlights include a Side-entry two-car Garage, extended Driveway 2018 with room for four vehicles, and a large corner lot situated on a quiet dead-end street. Golf enthusiasts will appreciate the short golf cart ride to Deer Island Country Club for a round on the scenic 18-hole course. Conveniently located with easy access to the Orlando area, as well as the charming downtowns of Mount Dora and Tavares—where you can enjoy Seaplane Adventures, Live Entertainment, Waterfront Dining, and vibrant Local Events. This is Florida Living at its finest—Lake Life, Privacy, and Convenience all in one exceptional property.
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.
