Welcome to this gorgeous 2-bedroom, 2-bathroom condo with a 1-car garage, located in the highly sought-after Ashley Park community within Harmony! This well-maintained home features a bright and open floor plan perfect for comfortable living and entertaining. Experience maintenance-free living! The kitchen is equipped with stainless steel appliances, wood cabinetry, recessed lighting, a closet pantry, and a convenient breakfast bar that overlooks the spacious living area. Enjoy laminate flooring throughout the living room and bedrooms for a clean, modern look. The inside laundry room comes complete with a washer and dryer for added convenience. The owner’s suite offers a generously sized closet, while the en-suite bathroom features a dual vanity and a tub/shower combination. Ideally situated close to the neighborhood school, this home also offers golf-cart-friendly access through a nearby tunnel to Harmony Middle School & Harmony High School, making it a top choice for those who value education and convenience. Harmony residents enjoy exceptional amenities, including Buck Lake, where you can take out community pontoon boats, kayaks, or canoes, or cast a line from the community fishing pier. Additional perks include two resort-style pools, dog parks, playgrounds, walking trails, fitness center, and bike paths. Enjoy strolls or golf cart rides to the local coffee shop, pizza place, and Mexican restaurant—all within the neighborhood. With convenient access to Orlando International Airport, Medical City in Lake Nona, and the East Coast Beaches, Harmony offers a perfect blend of nature, lifestyle, and location. Don’t miss your chance to own this move-in ready home—schedule your private showing today! CDD tax is included in the total tax amount. Buyer to verify all room measurements.
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.
