You have found a home that truly stands out. Impeccably maintained and thoughtfully updated, this stunning residence feels practically brand new. A NEW 2024 roof, 2025 water heater, water softener system with reverse osmosis, and solar panels that will be fully paid off with the sale of the home are just a few of the exceptional upgrades that bring modern comfort and long-term value to this beauty. Step inside and you’ll immediately appreciate the spacious, open layout featuring a combined living and formal dining area that’s perfect for hosting family and friends. The bright, inviting kitchen offers abundant cabinetry and a cozy breakfast nook, creating an ideal space for everyday living. The thoughtfully designed split-bedroom floor plan ensures privacy, with the generous primary suite tucked away from the additional bedrooms. The upgraded primary ensuite includes dual sinks, a large walk-in shower, and a walk-in closet, providing comfort and convenience at every turn. Throughout the home, you’ll find ceramic tile flooring and ceiling fans in each bedroom and the living room—another touch of easy Florida living. Outdoors, this property continues to impress. A paver driveway, a large storage shed, and a rear porch perfect for relaxing or cultivating your gardening passions all enhance the home’s functionality and charm. The home is also equipped with exterior security cameras offering full-perimeter coverage, giving you added peace of mind. And with solar panels that will be fully paid off at closing, you’ll enjoy eco-friendly energy benefits without assuming any remaining balance. Located within the highly sought-after Sawgrass Bay community, residents enjoy resort-style amenities including a controlled-access swimming pool, playgrounds, a sand volleyball court, and picturesque walking trails surrounded by serene lakes. Clermont’s exciting growth only adds to the appeal. The upcoming Sawgrass Bay Connector Road to Fleming Road (expected January 2026) and the planned Sawgrass Bay Blvd. extension to Western Way—Disney’s back entrance—also anticipated in 2026, will greatly enhance accessibility and convenience. With Disney World just 20 minutes away, top-rated schools, and tremendous future potential, this well-maintained home presents a rare opportunity to secure a valuable piece of Clermont’s vibrant future.
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.
