CALLING ALL FLORIDIANS! With just over 2400 square feet under roof, this 3/2/4 stunning home has something for everyone in the family! A 24x21 outdoor kitchen with seating for more than a dozen and a wall-mounted television MUST be the highlight. No wait! The 480-square-foot detached garage is the highlight! No wait! The walk-in kitchen pantry is the highlight. There are so many upgrades everywhere you look. You won’t be able to find just one highlight either. The primary bedroom has a walk-in closet with a sliding farmhouse door in the bathroom, dual sinks, a walk-in shower with glass door, and a separate, private room with a window for the toilet. The $4000 glass shower door is an amazing touch. The wainscoting perfects the primary suite. The two generous-sized bedrooms are on either side of the hallway bathroom, perfect for family or guests. The details in the home are amazing. Ceiling fans everywhere. The vertical hurricane windows in this home prevent any interruption in your view. The beautiful and functional quartz kitchen backsplash with farmhouse sink is easy to miss. The primary gathering space extends with sliders from the living/dining/kitchen area to the outside patio to double the entertaining square footage. All the add-ons mean you can move right in and begin entertaining from Day One. The gutters, the hurricane window and door package, the landscaping, the SMART connection, the 40-foot media antennae: they are designed to create a home sanctuary. Enjoy the tranquility of the woods all around you, knowing the largest lake in Polk County is less than a mile away. The roads are private, so grab your camera and drive your golf cart down to the pier and enjoy watching the sunsets and birds over the water each night. Indian Lake Estates (ILE) is the perfect blend of privacy and activity. When you feel like socializing, the clubhouse hosts karaoke, bingo, card games, trivia night, painting classes, a full lending library, PLUS the restaurant and bar is open 7 days a week. The golf course is public, but residents who pay their annual license fee ($396.27 was due in January 2026) are invited to play the 9-hole, executive, 3-par course every day at no cost. What an inexpensive way to learn or improve your skills. Take advantage of the putting green, driving range and pro shop amenities! And tennis and pickleball are right there on property, along with two playgrounds for the kids. This property, and this community, have it all! Call your agent today and claim it for your own family today! ILE IS THE PLACE TO BE!
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.
