Don't miss this South Clermont home in the desirable Sawgrass Bay community—perfectly located for the best of Central Florida living and minutes from the area’s top attractions. As you enter the home you will find a bonus room, perfect for an additional family room, office, playroom or whatever fits your needs. Next you will find a beautiful living space and kitchen where you will enjoy cooking and entertaining in the chef’s kitchen which includes a large island with space for 4 barstools and lots of workspace. A walk-in pantry, stainless steel appliances and a dining room area makes for easy family dinners and entertaining. The open concept living and dining areas leads to the beautiful outdoor living space complete with a waterfall hot tub and barbeque area fully screened in to make for a year-round entertaining space. A first-floor primary suite offers ease and privacy and includes an en suite bathroom with dual sink vanity, great lighting and walk-in closet. The first-floor also boasts a half bath and a large 2 car garage. At the top of the stairs the over-sized loft provides a great space for a home gym, media room or additional space for family, guests and entertaining. Four spacious bedrooms are upstairs including a second primary and esuite both with newly renovated bathrooms equipped with large walk-in showers. The upstairs laundry room is already equipped with a washer and dryer. The fully fenced in yard offers space for your family, pets and entertaining. Great location with easy access to major roads. This property represents an excellent opportunity for buyers seeking a well-sized home in a convenient location. The community pool, playground, fitness center and clubhouse are nearby with sidewalks for a nice walk. Residents will also appreciate being near all schools, making school commutes simple and convenient. Daily shopping is easy with Golden Eagle Village just a short drive away, ensuring all your grocery needs are covered. The combination of ample bedrooms, multiple bathrooms, and nearby amenities creates an appealing package for those wanting comfort and accessibility.
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.
