One or more photo(s) has been virtually staged. Ever dreamed of waking up to a peaceful water view, coffee in hand, sunlight bouncing off the lake as your day begins? This move-in-ready 3-bedroom, 2.5-bath townhome at Reflections at Storey Lake isn’t just a place to live t’s a lifestyle waiting for you to step in. From the moment you open the door, the vibe hits different. The wood-look tile floors glide seamlessly through the open-concept living, dining, and kitchen spaces—perfect for those spontaneous get-togethers or laid-back nights in. Imagine hosting friends while the kitchen steals the spotlight with its 42" cabinets, quartz countertops, and sleek stainless steel appliances. Who wouldn’t want to cook, or at least look like they do, in a space like that? Upstairs, the primary suite feels like your own private retreat. Tray ceilings add a touch of luxury, and that massive walk-in closet? It’s begging to be filled. The ensuite bathroom with dual sinks and a glass shower makes every morning routine feel like a mini spa day. Need space for guests, kids, or your new work-from-home setup? Two additional bedrooms and an upstairs laundry area make life easy. Outside your front door, life gets even better. Picture weekend mornings at the resort-style pool, evening workouts at the fitness center, or a quick stroll with your dog at the park. The HOA even takes care of the internet, cable, roof, and lawn, so your weekends are for living, not maintaining. And when you’re ready for adventure? You’re minutes from Disney, Universal, SeaWorld, and The Loop—so the best of Orlando is practically in your backyard. So here’s the question: Are you ready to trade “just another house” for a place that feels like your own personal getaway? Images are virtually staged to highlight the home’s spacious design and lifestyle potential. The furnishings and decor shown are for visualization purposes only.
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.
