Be transported with SERENE WATERFRONT views * across from EAGLE Conservaton Area in this GORGEOUS home * BRING your BOAT for your PRIVATE 40 FOOT DOCK (Weardeck w/PAVER entry) and DIRECT ACCESS TO THE KISSIMMEE CHAIN OF LAKES via massive LAKE TOHO(PEKALIGA) and its famous BASS FISHING * OVER $160,000 IN UPGRADES * NEWER CUSTOM POOL & SPA w/ FIRE BOWLS * TRAVERTINE HARDSCAPE & ENCLOSED LANAI w/ SPEAKERS * FULLY EQUIPPED OUTDOOR KITCHEN w/ GRANITE BAR * 3-STALL GARAGE * Experience luxury, comfort, and elevated Florida living in this exceptional Bellalago residence. Enjoy a bright and inviting layout designed for both everyday living and entertaining. The SPACIOUS KITCHEN features AMPLE CABINETRY * EXPANSIVE GRANITE COUNTERTOPS * KITCHEN ISLAND * OVERSIZED PANTRY * STAINLESS STEEL APPLIANCES incl REF.* The FIRST FLOOR PRIMARY SUITE offers a private retreat w/ an incredible water view, three-person infrared SAUNA (w/red light therapy, lighting and music), an additional sitting area, complete with an oversized en-suite bathroom with separate sinks, garden tub and large walk-in closet. Thoughtful design continues throughout the home with an additional first floor en-suite bedroom. Head upstairs to the expansive flex living space, enjoying breathtaking views * two additional bedrooms and a third full bathroom. Recent improvements include a REMODELED LAUNDRY ROOM with CABINETRY, SINK, and FOLDING STATION (2025 Washer and Dryer stay)* UPGRADED FLOORING (no carpet) * UPDATED UPSTAIRS BATHROOM w/ MODERN SHOWER, NEW VANITY, and FLOORING * STEEL GARAGE WORKBENCH plus SMARTRACK STORAGE * GERMICIDAL UV LIGHTING installed in both AC units for enhanced air quality.* Step outside to your PRIVATE WATERFRONT PARADISE —perfect for entertaining and enjoying Florida living year-round. Additional features include TRANSFERABLE TERMITE WARRANTY * RODENT WARRANTY WITH TRULY NOLEN * 2024 55-Gal HOT WATER HEATER * 2025 DOCK PAVER IMPROVEMENTS WITH EROSION CONTROL and more! *Bellalago offers RESORT-STYLE AMENITIES including 24-HOUR GUARD/GATED SECURITY * POOLS * WATER PARK * FITNESS CENTERS/CLASSES * CLUBHOUSE * RESTAURANT * BAR * SPORTS COURTS/PICKLE Ball * TRAILS * FISHING CLUB * ADDITIONAL USE OF ISLE OF BELLALAGO FACILITIES * MARINA * DOG PARK * BASKETBALL * VOLLEYBALL with HOA covering CABLE, INTERNET, TRASH, and IRRIGATION. This home delivers the perfect blend of LUXURY, LOCATION, and LIFESTYLE. Bellalago Academy (Elementary and Middle School) within walking distance! Come experience everything this exceptional waterfront property has to offer!
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.
