Experience elevated living in sought-after community of Whaley’s Creek. Built less than 9 years ago and thoughtfully enhanced with premium builder upgrades, this impeccably maintained home offers a seamless blend of sophistication, comfort, and modern design with window shutters throughout. From the moment you enter, you are welcomed by elegant interiors and a versatile, thoughtfully designed floor plan ideal for both refined living and effortless entertaining. A private first-floor guest suite with a full bath provides an exceptional retreat for visitors or multi-generational living. Upstairs, the expansive primary suite serves as a true sanctuary, complemented by three generously sized secondary bedrooms and a spacious bonus lounge perfect for the six-bedroom, media room, private retreat equipped elevated gathering space. At the heart of the home, the gourmet kitchen captivates with an oversized island with upgraded top of the line appliances, amazing prep space, and seamless flow into the main living areas creating an inviting setting for intimate dinners or grand-scale entertaining. A dedicated first-floor office adds both convenience and functionality for today’s modern lifestyle. Step outside to your private backyard oasis with no rear neighbors, offering enhanced privacy and tranquility. Enjoy the enclosed lanai ideal for year-round relaxation or entertaining alongside an above-ground pool, perfect for cooling off on warm Florida days. Ideally positioned near the community pool and playground, this residence perfectly balances exclusivity with convenience. Enjoy the charm and serenity of St. Cloud living while remaining just minutes from Medical City, Lake Nona, fine dining, upscale shopping, Orlando’s world-class attractions and beautiful coastal escapes. This is a must-see home with LOW Hoa no CDD, one of the largest homes in community with an extra-large lot. All upgrades have been attached in the MLS.
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.
