. Discover your dream home in this beautifully crafted, newer-construction residence on a beautiful lot in the heart of St. Cloud. This spacious single-story home offers 4 bedrooms, 2 full bathrooms, a 2-car garage, and 1843 sq. ft. of thoughtfully designed living space. At the front of the home, Step inside to find soaring 9-foot ceilings, 8-foot doors, and lovely luxury wood-look tile flooring throughout. The open-concept floor plan flows effortlessly from living to diningideal for both entertaining and everyday comfort. The modern kitchen is a chef's delight, featuring 42-inch cabinets with stylish hardware, a walk-in pantry, black natural stone countertops, an upgraded tile backsplash, a central island, a breakfast bar, and abundant prep and storage space. Retreat to the expansive primary suite, your private sanctuary. The spa-like en-suite bathroom offers a lovely tub, separate walk-in shower, dual sinks, a private water closet, and a generous walk-in closet. Two additional bedrooms share a well-appointed bathroom, plus one additional bedroom in the front of the home. Enjoy the Florida lifestyle with a quaint lanai and lush landscaping that enhances the home's inviting curb appeal. The screened-in back porch backs up to the woods, perfect for relaxing evenings or weekend gatherings. Located just a short stroll from community amenitiesincluding a pool, two playgrounds, and scenic pondsthis home offers excellent value with low HOA fees and no CDD. Ideally situated with easy access to the Florida Turnpike and Highway 192, you're minutes from shopping, dining, golf, and medical facilities. Conveniently located approximately 22-25 minutes from Medical City, Lake Nona, and Orlando International Airport, and within 30 minutes of major attractions like Walt Disney World, Universal Studios, and SeaWorld. Port Canaveral, Cocoa Beach, and Satellite Beach are just about an hour's drive away.
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.
