~Seller may consider buyer concessions if made in an offer~Move right into this BEAUTIFULLY UPDATED 2-bedroom, 1-bath home in Deltona Lakes, where major improvements have already been completed for you. With NO HOA, outstanding curb appeal, and an EXPANSIVE FENCED BACKYARD, this home brings the perfect combination of comfort, convenience, and freedom. From the moment you arrive, you'll appreciate the impressive list of RECENT UPDATES, including FRESH EXTERIOR PAINT (2026), a NEW ROOF (2026), NEW WINDOWS (2026), NEW FRONT DOOR (2026), NEW GARAGE DOOR (2026), NEW DRIVEWAY AND WALKWAY (2026), and all-NEW LANDSCAPING (2026), creating a fresh and welcoming first impression. Step inside to discover a spacious Living Room filled with NATURAL LIGHT, creating a bright and inviting atmosphere. EASY-CARE TILE FLOORING flows throughout the home, while the Dining Area features a large window overlooking the EXPANSIVE BACKYARD, bringing the outdoors in. Adjacent to the Dining Area, the Kitchen offers both style and functionality with stainless steel appliances, including a BRAND-NEW DISHWASHER, stone countertops, and a convenient closet pantry. As you proceed down the hallway, you'll find a useful STORAGE CLOSET along with TWO GENEROUSLY-SIZED BEDROOMS. The Primary Bedroom features DUAL CLOSETS and ADDITIONAL SPACE perfect for a reading nook, sitting area, or workspace, creating a versatile and comfortable retreat. The second Bedroom is equally spacious and boasts two closets of its own, including a WALK-IN CLOSET. The stylish Bathroom was TASTEFULLY UPDATED in 2023, while additional improvements include a NEW WATER HEATER (2021) and WATER SOFTENER (2019). Step outside and enjoy the NEWLY ADDED BACK PATIO (2026) overlooking the LARGE FENCED BACKYARD. Whether you envision gardening, entertaining, creating a play area, or simply enjoying the extra outdoor space, the possibilities are endless. An added bonus for qualified buyers is the opportunity to take advantage of an ASSUMABLE LOAN, offering potential financing benefits. Conveniently located in Deltona Lakes, this home is JUST MINUTES from OUTDOOR RECREATION at Lake Monroe, Thornby Park, Green Springs Park, and the scenic trails of the Spring-to-Spring Trail. Nearby shopping, dining, and entertainment options are plentiful, while EASY ACCESS to I-4 makes commuting to Orlando, Daytona Beach, New Smyrna Beach, and Central Florida's many attractions convenient and accessible. With EXTENSIVE RECENT UPDATES, spacious living areas, a large fenced yard, and the freedom of NO HOA living, this MOVE-IN READY Deltona Lakes home is an exceptional opportunity you won't want to miss. Make this home yours before it's gone!
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.
