This One Has It All—Completely Remodeled, Move-In Ready & Lake Views! Welcome home to this beautifully remodeled three-bedroom home in a well-established, non-HOA community in Eustis. Perfectly situated on a spacious 0.44-acre corner lot with views of Lake Joanna, this charming cottage-style home offers the perfect blend of modern updates, functionality, and an unbeatable location. From the moment you arrive, you'll appreciate the modern updates. The property features an expansive driveway leading to a detached 20' x 32' garage/workshop with newly installed garage doors, plus a convenient parking pad and stone walkway providing easy access to the home. Step inside to discover a bright, freshly painted interior filled with natural light and thoughtful upgrades throughout. Recent improvements include a new front door, luxury vinyl plank wood-look flooring, crown molding and oversized baseboards, updated interior doors, modern lighting inside and out, attic insulation, water heater, a new drain field, and much more. The open, spacious floor plan is ideal for both everyday living and entertaining. A welcoming living room flows seamlessly into the dining area, while the separate family room offers exceptional flexibility. Featuring sliding glass doors leading to the screened lanai, this versatile space can serve as a media room, home office, fitness area, hobby room, or playroom. The beautifully updated kitchen is designed to impress, showcasing custom wood cabinetry, newly installed granite countertops, tile backsplash, double wall ovens, a French-door refrigerator, and abundant storage. An adjoining pantry/laundry room provides even more cabinet space and convenience. The primary suite offers a peaceful retreat with updated finishes, a spacious closet, and a private en-suite bathroom featuring a beautifully tiled walk-in shower. Two additional bedrooms share a fully updated guest bath with a new vanity, freshly tiled shower, and modern fixtures. Enjoy Florida living year-round from the large covered and screened lanai overlooking the expansive backyard. With nearly half an acre, there's plenty of room to create your dream outdoor oasis, add a pool, or simply enjoy the open space. Just across the street, Lake Joanna Park feels like an extension of your own backyard, offering the perfect setting for lakeside picnics, kayaking, and enjoying the area's natural beauty. Conveniently located just minutes from shopping, restaurants, and everyday amenities, you'll also enjoy easy access to the charming downtown districts of Eustis and Mount Dora, known for their year-round festivals, unique boutiques, and local dining. Nearby toll roads make commuting to Sanford, Lake Mary, and Orlando quick and convenient. This exceptional home combines modern updates, generous outdoor space, lake views, and an outstanding location—making it the perfect place to call home.
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.
