Welcome to a true resort style haven reserved for active adults 55 and better. The paver drive and lush landscaping set a welcoming tone that continues inside where sunlight pours across a meticulously maintained home equipped with large format tile, high ceilings, and an open plan that effortlessly links living, dining, and the kitchen. Granite counters, rich wood cabinetry, a gas range, and pendant lighting create a gathering spot that feels both polished and comfortable. The split bedroom layout keeps the primary suite private. It offers a tray ceiling, a deep walk in closet, and a spa shower with frameless glass, dual heads, and bench seating. Two additional bedrooms both sit toward the front of the house. A guest bath with granite vanity, plus a laundry room outfitted with upper cabinets, a utility sink, and folding space, make daily life easy. Step through pocketing sliders and you will see the upgrade everyone talks about. The GIANT screened lanai runs nearly the full width of the home, giving you room for grilling, dining, and lounging without ever feeling cramped. It has both a space for catching sun rays and under the shade. Twin Lakes handles yard care so weekends are free for lakefront fun. The clubhouse delivers state of the art fitness facilities, a lagoon style pool, a separate lap pool, hot tub, grilling pavilion, fire pit, tennis and pickleball courts, bocce lanes, and a putting green. A private pier lets you kayak, paddle board, captain a boat, or fish on pristine Live Oak Lake. All of this sits minutes from Lake Nona Medical City, the Turnpike, and Orlando International Airport. If you want easy living in a vibrant fifty five plus community where every day feels like vacation, this home is ready for you.
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.
