From the moment you drive through the neighborhood gate, you realize Lake Weeks is a hidden gem. Great curb appeal becomes obvious with beautifully maintained homes, stately trees and colorful landscaping. The curb appeal of this home is just as strong! At the street you find beautiful landscaping and a large front yard. Stepping inside you find volume ceilings that open the space along with natural light and moderate flooring that creates a soothing and relaxed environment. This home features both formal living and dining rooms perfect to showcase your furniture while entertaining guests. The kitchen and family room combination allows for an even more relaxed living space creating the heart of the home. Here, everyone relaxes and dines together throughout the day and evening. The large kitchen features beautiful granite counters, lots of cabinetry and storage, beautiful black/stainless steel appliances, recessed LED lighting, a lot of work space and a dinette area. Conversation and meal prep go hand in hand. This is where daily life brings everyone together. During the cooler months, open the large patio door onto the lanai and pool area to extend your living space. The owners’ suite offers privacy and comfort. The room is spacious, has two walk in closets, a volume tray ceiling and a beautiful en-suite bathroom. The bathroom offers privacy with a large barn door. This updated suite includes two separate vanities, a gorgeous stand alone tub perfect for soaking and a glass-enclosed shower. The three secondary bedrooms and bathroom are on the opposite side of the home. You will find the bedrooms are bright and spacious. The second bathroom features many updates including a double sink vanity, contemporary lights, mirrors and tile. This floor plan works so well! Enjoy the outdoors with this extended lanai and sparkling blue swimming pool. The backyard is fenced and includes a brick paver patio. Other improvements include a new A/C system in 12/2025 and gas water heater in 3/2020. The owner is willing to replace the roof before closing. Access to shopping, I-4 and I-75 is quick and simple. Call today to schedule your private tour!
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.
