High-Tech Luxury, Smart Security, & Automated Living in Altamonte Springs Experience ultimate peace of mind and modern innovation in this custom, tri-level 3-bedroom, 2-bathroom home with no HOA restrictions. Situated in the heart of Altamonte Springs, this property places you just minutes from the premier shopping, dining, and entertainment at the Altamonte Mall and Crane's Roost Park. Security, connectivity, and utility efficiency are at the core of this property. The home features a comprehensive, enhanced security camera system covering both the interior and exterior for top-tier safety. Perfect for remote workers and tech enthusiasts, the entire property features custom fiber-optic wiring for lightning-fast internet. Management is effortless, as the kitchen appliances, the brand-new water heater (installed in 2025), and even the lawn sprinkler system are fully smart-accessible right from your smartphone. This smart irrigation system runs on a private well dedicated strictly to outdoor watering, keeping your lawn lush while saving heavily on utility costs, while the interior enjoys the reliability of city water and a private septic system. The unique tri-level architectural layout maximizes space and privacy. The main level showcases an impressive kitchen outfitted with timeless solid wood cabinetry and top-tier smart stainless-steel appliances. Main living areas feature durable luxury vinyl plank flooring and a cozy, wood-burning fireplace. The upper level is dedicated entirely to a private primary suite retreat. Big-ticket updates give total peace of mind, including a central A/C system replaced in 2021. The property is currently undergoing professional remodeling updates, with freshly updated flooring in the bedrooms and fully revitalized finishes in both bathrooms scheduled for completion within two weeks—offering the lucky buyer a refreshed, turn-key modern experience! Outside, the property is built for convenience and entertainment. An extended long driveway leads to the garage, providing excellent parking accessibility for multiple cars, work vehicles, or guests. The backyard is fully fenced, offering a private, secure oasis for pets, and weekend gatherings. It also includes a convenient small storage shed out back, perfect for housing your security equipment, tools, and outdoor gear. With its prime location and zero HOA fees, you will enjoy easy access to major highways, making your daily commute simple while keeping local parks right at your fingertips. Heart of Altamonte Springs, minutes from Altamonte Mall & Crane's Roost Park.
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.
