Discover luxury Florida living in this elegant Mediterranean-style home offering stunning Lake Felter views and a long list of premium upgrades throughout. This exquisite and functional 3-bedroom, 2.5-bath home has a separate office/den. At the heart of the home is the chef-inspired kitchen, fully remodeled in 2022 with top-of-the-line cabinetry, decorative lighting, and an oversized island boasting stunning quartz counter tops, abundant storage, prep space, seating, and a beautiful farm house sink. Culinary enthusiasts will love the professional Bertazzoni dual-fuel gas range, pot filler, built-in drawer microwave, and cabinet lift for your mixer. The butler’s pantry includes a wine and beverage center with ice maker, perfect for entertaining, while the walk-in pantry has been reimagined with floor-to-ceiling shelving for optimal organization. With a split, open-concept floor plan, separate dining room, and private office, this home effortlessly blends comfort, elegance, and functionality. Enjoy new luxury vinyl plank flooring in the main living areas, updated porcelain tile in the primary suite, and the refined touches of plantation blinds and accented crown molding. The primary bedroom features a custom closet organization system, creating a boutique-style retreat. The primary bath has raised height dual sinks with granite counter tops and a garden soaking tub along with a stand alone shower. The secondary bedrooms share a bathroom with granite counters and dual updated sinks along with a shower and tub combination. Additional upgrades include a 2022 HVAC system with ultraviolet lights and an advanced HEPA filtration system, a whole-house generator, two tankless water heaters, and prewiring for surround sound throughout the home with a dedicated media closet. Step outside to your private oasis with a brand new 2024 luxurious salt system pool featuring programmable lighting and a screened enclosure overlooking beautiful Lake Felter. The pool has a relaxing built in sun shelf and spa. Pavers extend across the pool deck and driveway, complemented by the added benefit of gutters with underground downspouts and a French drain system for enhanced drainage and peace of mind. The three-car garage includes a 240-volt electric car charger and built-in hanging storage for added convenience. Ideally located close to Clermont’s shopping and restaurants, perfect for any golf enthusiast as several courses are close by. Just a short drive to all of Central Florida’s world-famous attractions and theme parks makes this the perfect Central Florida home. Reach out today to schedule your private tour.
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.
