Life at its finest at Fairview Vista! Unit 208 is immaculately redone with spectacular views of the pristine Lake Fairview! Huge BONUS: There is an opportunity to assume the current condo owner's mortgage at 2.625%. Ask listing agent for more details. This move-in ready lakefront condo can be yours today. The panoramic views are perfect for relaxing on the double screened patio and allow for amazing sunrises and sunsets. The beautiful stone fireplace is wood-burning and perfect for cozying up. The beautiful 2/2 condo is located on Lake Fairview, just north of the new and up-and coming Packing District. And it is only minutes to Downtown Orlando, College Park, Winter Park, I4, the East/West Expressway (408), restaurants, shopping, food markets and the area's newest YMCA. This 2nd floor condo features an elevator for convenience and accessibility, an assigned one car covered parking spot just outside the front door and close to guest parking so your guests can easily visit. The primary bedroom en suite has a walk-in closet with custom built shelving and a beautifully remodeled bathroom, not to mention the spectacular water views from your private oasis of a bedroom. The condo has a lot of storage and a large laundry closet with even more storage options. The kitchen has charm galore with stainless steel appliances and granite countertops. The kitchen opens to the dining room and living room making this space an entertainer's dream. Just a short walk down the stairs or a short ride down the elevator and you arrive at the large pool, clubhouse, and observation deck with gas grill, white sand beach, boat docks, and paddle board storage. Water and dry storage can be rented if there are any slips available. Or one can walk over to the tennis courts for a quick game of tennis or pickle ball. Over the last 4 years, the condo was completely renovated with a new kitchen and floors throughout. This labor of love also features a new HVAC system and A/C piping (2024). Completely renovated bathroom (2023), panel doors for all closets. High end lighting fixtures were installed in 2023 and complement the ambiance of this condominium and its views with all the natural light. Wood floors throughout and kitchen appliances were installed in 2020. Both sets of sliding glass doors were repaired with new rollers in 2024. This quaint quiet community of just over 100 units is fully vested in accordance with the new Florida laws for 2025. New roofs were installed as of 2 years ago for the entire complex and carports. Parking lot has been completely resurfaced in the 4th quarter of 2024, drainage lines all plumbed out, security cameras installed in most common areas. There is an on site manager 3 days a week. The clubhouse has been upgraded. Call for a showing today and enjoy worry-free lakefront living! Almost all furnishings are available for sale outside of the condo transaction; ask agent for more details.
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.
