One or more photo(s) has been virtually staged. Discover waterfront elegance and unforgettable sunsets in the heart of Kissimmee. This stunning Spanish Mediterranean-style residence is perfectly positioned on the water in the exclusive, 24/7 guard-gated Bellalago community, offering direct access to Lake Tohopekaliga—one of the nation’s top bass-fishing lakes and part of the renowned Chain of Lakes. Set on an oversized lakefront lot, this 3-bedroom, 2-bath home was built in 2015 and features a durable tile roof, pavered driveway, and lush palm landscaping that create exceptional curb appeal. Inside, the bright, open-concept layout is designed for both everyday living and entertaining. The gourmet kitchen showcases granite countertops, stainless steel appliances, traditional cabinetry, and a spacious center island, flowing seamlessly into the living and dining areas. Sliding glass doors open to the screened lanai and paved backyard, creating a true indoor-outdoor living experience. The backyard is the star of the home—completely fenced with an attractive metal fence and featuring a private boat dock, offering effortless access to the Bellalago canals and Lake Tohopekaliga. Whether you’re boating, fishing, or enjoying sunset cruises, this setting delivers the ultimate Florida waterfront lifestyle. The split bedroom floor plan offers privacy, with the primary suite featuring a walk-in closet, dual sinks, garden tub, and separate shower. A washer and dryer are included for added convenience. Bellalago is a resort-style, amenity-rich community nestled along more than a mile of Lake Toho shoreline. Residents enjoy multiple pools, including a water park and Junior Olympic-size pool, two state-of-the-art fitness centers, tennis, pickleball, basketball, and beach volleyball courts, scenic walking and biking trails, playgrounds, dog park, fishing pier, private boat launch, and lifts. The massive clubhouse, lakeside boardwalk, and on-site restaurant with full-service bar make everyday living feel like a vacation. Cable and Internet are included. Conveniently located near top-rated schools, Publix, shopping, dining, and entertainment, Bellalago is less than 30 minutes from Walt Disney World, Universal Studios, SeaWorld, Premium Outlets, and Downtown Orlando. Take a stroll from your backyard to your private dock, cast a line, or head out for an afternoon cruise in your own boat which is INCLUDED in the sale!! Yes a 16.5 footer Bayliner comes with the HOME. —this is lakefront living at its finest.
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.
