Imagine stepping into your dream home at 2935 Aein Rd, Orlando, FL. This beautifully updated 3-bedroom, 2-bathroom residence, nestled on a half acre of serene land, offers a harmonious blend of modern amenities a natural beauty. Modern Upgrades for Comfortable Living Built in 1997, this home has been thoughtfully enhanced with contemporary features to ensure comfort and efficiency. A brand-new well (installed in September 2024) and a self-cleaning filter system (added in 2022) guarantee a seamless supply of fresh water. The new electric instant hot water heater (installed in October 2024) provides hot water on demand, enhancing daily convenience. Throughout the home, luxury vinyl plank flooring adds a touch of elegance and durability. Eco-Friendly Features with Financial Benefits Embracing sustainability, the property has solar panels installed about 3 year ago. Say hello to low energy bills. To sweeten the deal, the seller is willing to pay off the solar panels at closing, offering you immediate energy savings. A Gardener's Paradise: Your Personal Fruit Forest Step outside to discover a gardener's dream—a diverse "fruit forest" right in your backyard. This mini-orchard features a variety of fruit trees, including loquat, mango, Meyer lemon, variegated pink lemon, Barbados cherry, key lime, tangerine, Florida red peach, avocado, and three different types of bananas. Additionally, you'll find four papayas, blood orange, navel orange, red and yellow grapefruits, muscadine grapes, and a star fruit tree. Imagine the joy of harvesting your own fresh fruits throughout the year! Prime Location with Convenient Access Situated in a peaceful Orlando neighborhood, this home offers serene living while being conveniently close to local amenities. It's just a short drive to UCF, the 417 Expressway, and Waterford Lakes, providing easy access to education, transportation, shopping, and dining options. Don't miss this rare opportunity to own a unique, eco-friendly home with a beautiful fruit forest and numerous modern updates. Experience the perfect blend of tranquility and convenience at 2935 Aein Rd, Orlando, FL. Your dream home awaits!
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.
