This property presents a rare and valuable opportunity with an assumable FHA mortgage at a low 3.75% interest rate, making homeownership more affordable and accessible. Nestled in the sought-after Lake Denham Estates community, this 3-bedroom, 2-bathroom home offers 1,483 square feet of well-designed living space on a premium lot with no rear neighbors. Built in 2021, the home features a two-car garage, brick paver driveway, and a charming front porch that sets a warm and welcoming tone. Inside, the open-concept layout is filled with natural light, enhanced by elegant ceramic tile flooring throughout the main living areas. The stylish kitchen includes white cabinetry, granite countertops, stainless steel appliances, and a spacious island with seating—perfect for entertaining or everyday living. The kitchen flows seamlessly into the dining area and family room, creating a cohesive space for connection and comfort. The generously sized primary suite offers an oversized walk-in closet, dual granite vanities, and a walk-in tiled shower. Two additional carpeted bedrooms provide flexible space for guests, children, or a home office, while the secondary bathroom features a tiled tub/shower combo and single vanity. The backyard overlooks a peaceful greenbelt, offering privacy and tranquility with room to relax, garden, or even add a future pool. A low-maintenance yard gives you more time to enjoy the community’s resort-style pool, cabana, playground, and outdoor fitness station. Energy-efficient upgrades include double-pane windows, natural gas, core foam-insulated attic, in-wall pest control, and irrigation system for added savings and year-round comfort. Ideal for first-time buyers or downsizers, the home is minutes from local parks, lakes, golf, and downtown Leesburg’s historic charm. Enjoy easy access to Orlando, theme parks, and both coasts’ beaches within 90 minutes. Skip the wait to build—this move-in ready home offers modern features, low cost of ownership, and the bonus of an assumable 3.75% FHA mortgage. Schedule your private showing today.
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.
