Tucked away on a peaceful rural road in East Orlando, this one-of-a-kind property offers the perfect blend of privacy, space, and convenience with no HOA restrictions. Situated on nearly a full acre of flat, usable land surrounded by mature trees, this oversized home provides endless possibilities for outdoor living, storage, entertaining, or future expansion. The fenced backyard, rear electrical hookup, and wide-open space make it ideal for anyone looking for flexibility and room to grow. Inside, the home features an expansive open layout highlighted by soaring vaulted ceilings with exposed beams, a stunning brick fireplace, and a spacious living area that flows effortlessly into the dining space and updated kitchen complete with stainless steel appliances. One of the largest homes in the area, the property boasts a highly desirable dual primary suite floor plan—perfect for multigenerational living, guests, or added privacy. No carpet throughout adds durability and easy maintenance. Built with solid concrete block construction, this home also includes major upgrades and valuable extras such as a brand-new HVAC system, Generac whole-house generator with two propane tanks, public water service plus a separate irrigation well, oversized 2-car garage, and circular driveway with plenty of parking space. Enjoy the best of country-style living while still being conveniently close to SR-50, SR-520, downtown Orlando, UCF, shopping, dining, and Florida’s east coast beaches. Nearby outdoor destinations like Hal Scott Regional Preserve and Park and Bithlo Community Park add even more appeal. Rare opportunities like this—with land, size, upgrades, and location—don’t come around often in this rapidly growing area.
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.
