Discover comfort, convenience, and resort-style living in Raintree at Springlake Village, a desirable gated community in Kissimmee. This charming 3-bedroom, 2-bathroom, 1,541 sq. ft. ranch-style home offers a functional open floorplan, solid construction, and an established neighborhood setting—ready for your personal touch to make it uniquely your own. Built in 2010, this well-designed 1-story home features ceramic tile flooring throughout, custom built-ins, ceiling fans, blinds, and natural light. The spacious kitchen includes a dinette, black GE appliances, electric flat-top range, ample counter space, and an easy flow to the main living areas—perfect for everyday living or entertaining. Bedrooms include built-in closets for convenience and storage. The oversized primary bedroom offers great space and flexibility, complete with a large walk-in closet, dual vanities, private water closet, and walk-in shower. The second bathroom includes a single vanity and tub/shower combo. Enjoy no rear neighbors, creating a sense of privacy with a peaceful backyard backdrop. A small paved patio and level yard offer potential for your custom outdoor retreat—garden, firepit, pergola, or play area. The 2-car garage provides overhead shelf storage and attic space. Additional upgrades include a Hunter irrigation system, whole-house gutters, Carrier HVAC (2010), AO Smith water heater (2010), no polybutylene plumbing, and a 2020 roof for peace of mind. Springlake Village is known for its resort-style amenities. Residents enjoy sidewalks, lakeside benches, scenic trails, two clubhouses, dog park, fitness center, playgrounds, picnic areas, volleyball, fishing, soccer field, shuffleboard, and a clubhouse with game room and arcade. One of the lakefront clubhouses is just a short five-minute walk from the home and includes a swimming pool, dog park, and playground. The location is unbeatable—close to major roadways with quick access to Orlando International Airport, Downtown Orlando, Lake Nona’s Medical City, top-rated hospitals and schools, shops, restaurants, Boxi Park, and vibrant community events. Kissimmee itself is loved for its welcoming atmosphere, beautiful parks (like the Austin-Tindall Sports Complex), year-round festivals, charming downtown area, and convenient proximity to every major attraction. All Orlando theme parks are within minutes, making daily life and entertainment effortless. Outdoor lovers will appreciate nearby lakes, nature preserves, walking trails, and campgrounds, while beach days are easy—both the Atlantic Coast and the Gulf of America’s beaches are within 90 minutes. This move-in ready home offers space, privacy, and exceptional value with low cost of ownership—an ideal Florida lifestyle opportunity with endless potential in one of Central Florida’s most convenient and well-appointed communities. Limited inventory in this highly sought-after gated neighborhood—don’t miss your chance to make this home yours!
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.
