Tucked away on a beautifully positioned .26-acre homesite backing to a peaceful wooded area, this EXCEPTIONAL RESIDENCE offers the space, comfort, and lifestyle many homebuyers have been searching for. Located in The Sanctuary, one of Oviedo's most desirable communities, this beautifully maintained 6-bedroom, 4.5-bath home boasts 4,332 square feet of thoughtfully designed living space, blending impressive ARCHITECTURAL DETAILS with everyday functionality. From the moment you arrive, the home's striking CURB APPEAL makes a lasting impression. Double entry doors welcome you inside, where SOARING CEILINGS, abundant natural light, and expansive picture windows create a bright and inviting atmosphere. The formal living room serves as a stunning focal point, showcasing the home's dramatic two-story design. Whether hosting special gatherings or enjoying quiet evenings at home, the SPACIOUS FLOOR PLAN offers room for everyone. The kitchen features Corian countertops, abundant cabinetry, a pantry, and a convenient walk-through BUTLER'S PANTRY leading to the ELEGANT formal dining room accented by a tray ceiling. With six bedrooms and four-and-a-half baths, the flexible layout provides countless possibilities for today's lifestyle. Two bedrooms are located on the first floor, while four additional bedrooms are upstairs, allowing for a variety of living arrangements, home office space, guest accommodations, or hobby areas. The SPACIOUS PRIMARY SUITE is designed as a private retreat, complete with a TRAY CEILING, comfortable sitting area, two WALK-IN CLOSETS, and a generously sized ensuite bath featuring dual vanities, a garden tub, and separate shower. Upstairs, a spacious LOFT currently serves as a library and sitting area, offering additional space to relax, read, work, or gather. Step outside and discover one of the home's most impressive features—an approximately 2,000-square-foot SCREENED ENCLOSURE with attractive paver flooring overlooking the WOODED BACKDROP. This expansive outdoor living space creates the perfect setting for morning coffee, weekend gatherings, outdoor dining, or simply enjoying FLORIDA'S YEAR-ROUND LIFESTYLE. Adding to the home's appeal are TWO SEPARATE 2-CAR GARAGES positioned on either side of the driveway, providing exceptional parking, storage, and versatility. Residents of The Sanctuary enjoy access to an IMPRESSIVE COLLECTION OF COMMUNITY AMENITIES, including a clubhouse, fitness center, resort-style pool, splash pad, playground, soccer field, tennis courts, basketball courts, volleyball courts, and numerous recreational spaces designed to enhance everyday living. Combining GENEROUS LIVING SPACES, beautiful surroundings, sought-after community amenities, and a convenient Oviedo location, this is a property that truly offers the opportunity to enjoy the best of Central Florida living. Schedule your private tour today and experience firsthand all that this REMARKABLE HOME has to offer.
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.
