There's a certain magic to pulling onto WoodTree Lane. It's one of those rare spots in Orlando where you're minutes away from the energy of the parks and the legendary dining on Sand Lake, yet the moment you turn into the neighborhood, the world just goes quiet. This home feels like a deep breath. You can spend your mornings browsing the local shops and your afternoons tucked away in a backyard that feels like a private resort. With the new heat pump and solar system, the pool is always that "just right" temperature Inviting you for a midnight swim under the stars. It's a place designed for long weekends, whether you're hosting a tournament on the full-sized pool table or just enjoying the stillness of a house that's been truly loved. The renovations are a complete reimagining of comfort. You'll find yourself lingering in the kitchen, running your hands over the new quartz countertops or admiring the way the light hits the fresh tile floors. Every detail was chosen with a purpose, from the whisper-quiet Bosch appliances to the cool, clean feel of the new epoxy garage floor. But perhaps the most romantic thing about this home is the peace of mind it gives you. Knowing the Tesla solar panels are fully paid off and the Ring security system is watching over you means you can truly let go. This isn't just a house, it's the backdrop for the best version of your life.--------------------------------- BRAND NEW: Whole-home solar system. New kitchen cabinets with lower-level drawers and quartz countertops throughout Pool heat pump, solar heating, and WiFi-connected pump New Bosch appliance suite (dishwasher, fridge, induction stovetop, convection oven) and KitchenAid microwave New tile in kitchen, dining room, and master bathroom New A/C unit for the master side Master closets and pantry updated by The Container Store Professional-grade pool table New bathroom vanities and toilets Updated irrigation system Garage floor epoxy Ring system, smart door locks, and smart light switches
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.
