2.375% ASSUMABLE VA LOAN + NEW ROOF (Oct 2025). Opportunities like this are extremely rare in today’s market. The seller welcomes both veterans and non-veterans to explore assuming this exceptionally low interest rate, creating significant long-term savings compared to current loan rates. Located in the highly desirable Summers Corner community near the Champions Gate area, this beautifully maintained home offers comfort, convenience, and a peaceful neighborhood sitting just minutes from Walt Disney World. Inside, the home features a bright, open layout where natural light flows easily through the living, dining, and kitchen spaces. The kitchen is designed to be the center of the home with rich wood cabinetry, granite countertops, stainless steel appliances, and a large island with breakfast bar that’s perfect for everyday living, casual meals, or entertaining guests. Practical features make daily life easy, including energy-efficient construction, a spacious indoor laundry room with extra storage, and a brand new roof installed in October 2025, offering peace of mind for years to come. Step outside to your screened porch, an ideal space for morning coffee or relaxing evenings. The backyard backs to a landscaped basin, providing a peaceful setting with no immediate rear neighbors and room to personalize the outdoor space. Residents enjoy access to the nearby community pool, and the neighborhood offers an added financial benefit with NO CDD fees. You’re just minutes from Posner Park Shopping Mall, where you’ll find a wide variety of shopping, dining, and everyday conveniences. Families will appreciate being near highly rated schools including Ridgeview Global Studies Academy. and offers easy access to Interstate 4 and US-27, making commuting to Orlando, Kissimmee, Lakeland, and Tampa simple. “Opportunities with a 2.375% assumable loan rarely come to market in this area. If you’ve been waiting for the right home in Summers Corner, this is one you’ll want to see in person.”
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.
