Welcome to 428 Longwood Circle in Longwood, a true slice of paradise tucked away on a spacious 0.36-acre lot in highly desirable Seminole County. This 4-bedroom home with a pool offers incredible outdoor living, beautiful mature landscaping, and a private backyard retreat that makes everyday living feel like a vacation. As you arrive, you're welcomed by a charming covered front patio, the perfect place to sit and enjoy the quiet neighborhood. Step inside into the living room where your eyes are immediately drawn through the doors to the sparkling blue pool and lush backyard. The updated kitchen features white cabinetry, quartz countertops, stainless steel appliances, and a dining area, creating a bright and functional space for both everyday living and entertaining. The layout offers three bedrooms and a full bathroom on one side of the home, including the primary bedroom with its own half bathroom, while the fourth bedroom is located near the kitchen and dining area next to the inside laundry room, making it a great option for guests, a home office, or flexible living space. The backyard is truly the star of the show, offering a peaceful and private setting surrounded by a fully fenced yard with gates. The property features beautiful landscaping and fruit trees including bamboo along the fence line for added privacy, cherry bushes, a peach tree, and loquat trees. Enjoy Florida living year-round with a large covered lanai, a freshly stained pergola and pool deck, all overlooking the inviting pool and spacious yard. Additional highlights include a detached 400 sq ft garage and a 10x18 shed for extra storage. The home has also seen several important updates, including AC and electrical updated in 2019, water heater replaced, and all kitchen appliances updated in 2022 and refrigerator 2025, along with recently updated bathrooms. Located in a great school district and close to shopping, dining, and major roadways, this property offers the perfect balance of convenience and privacy. With its beautiful outdoor living spaces, oversized lot, and pool, this home is an exceptional opportunity offered at $439,000.
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.
