One or more photo(s) has been virtually staged. Charming, move-in-ready living awaits at 304 Sterling Lake Drive in Ocoee’s desirable Silver Bend community. This thoughtfully maintained single-family home offers peace of mind with the costly maintenance items already completed, leaving the next owner free to personalize with decorative accents to suit their style. Major updates include a NEW ROOF (2025), NEW EXTERIOR PAINT & WINDOW SCREENS (2025), NEW INTERIOR PAINT (2026), and HVAC system replaced in 2020. The open great room floor plan is highlighted by vaulted ceilings, creating a light and airy atmosphere ideal for everyday living and entertaining. A brick accented woodburning fireplace adds warmth to the space. Split bedrooms provide privacy for all, while laminate flooring covers the main living areas. A large eat-in kitchen with stainless steel appliances is perfect for casual dining and morning coffee. The adjacent dining area and breakfast bar extend your gathering options. The spacious primary suite features tray ceiling and walk-in closet with an en-suite bath. The primary bathroom has new vanity lighting and a gorgeous new walk-in shower. Outdoor living is a standout with both a large screened patio for relaxing year-round and an open brick paver patio—ideal for grilling and backyard gatherings. The irrigation system will help keep your landscaping beautiful year round. A preventative maintenance termite bond is transferable to new owners at closing. The partially fenced backyard and 2-car garage add to the home’s functionality. Ceiling fans throughout keep every room comfortable. An indoor laundry room offers space for your supplies, hanging clothing and extra storage. Zoned for well rated Citrus Elementary, Ocoee Middle, and Ocoee High, and conveniently located near the 408 expressway, dining, shopping, and easy access to Central Florida theme parks. All information is deemed accurate but not guaranteed and should be verified. Sold As-Is.
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.
