Welcome to your private retreat in one of Oviedo’s most desirable gated communities. Situated on a rare .60-acre homesite, this spacious 5-bedroom, 3-bath pool home offers nearly 3,500 square feet of living space designed for comfortable family living and entertaining. Built in 2003, the home features a highly desirable three-way split floor plan that provides both privacy and flexibility for growing families, guests, or a home office. The generous living areas flow seamlessly to the outdoor space, creating the perfect setting for everyday living and weekend gatherings. Step outside to your screen-enclosed pool and lanai with an extended side patio, ideal for enjoying Florida living year-round. The oversized backyard with a wrought iron fence offers plenty of room for play, pets, and outdoor activities, while the adjacent conservation reserve on two sides provides exceptional privacy with no neighbors on the left or rear of the home. Major updates have already been completed for peace of mind, including both HVAC systems replaced in 2024 with Wi-Fi-enabled and app-controlled thermostats, a new roof in 2019, new Spanish driftwood look tile on the first floor, French doors to the pool/patio, and upgraded kitchen cabinets and lighting. Additional highlights include a 3-car garage with the third a golf cart garage, with a wall to separate the space for additional storage. There is access to the community lake, perfect for enjoying kayaking or fishing. The community offers access to the Flagler Trail for hiking or biking. Located in the highly sought-after Oviedo/Chuluota area of Seminole County, this home offers the perfect balance of space, privacy, and convenience while remaining close to top-rated schools, parks, shopping, and dining. If you’ve been searching for a home with space to grow, room to play, and privacy to relax, this exceptional property is ready to welcome you home.
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.
