~Seller may consider buyer concessions if made in an offer~Discover the perfect combination of modern style, generous living space, and RESORT-STYLE AMENITIES in this beautifully maintained 4-bedroom, 2.5-bath home in Hanover Lakes. Built in 2022 and situated on an OVERSIZED CUL-DE-SAC LOT, this impressive residence offers over 2,500 SQUARE FEET of thoughtfully designed living space with UPGRADED FINISHES throughout and all the benefits of NEWER CONSTRUCTION without the wait. From the moment you arrive, the home's CURB APPEAL shines with attractive landscaping, a brick paver driveway, and a welcoming façade that sets the tone for what awaits inside. Security cameras provide added peace of mind, while the home's modern design and meticulous upkeep make it truly MOVE-IN READY. Step inside to find beautiful WOOD-LOOK TILE FLOORING throughout the main living areas and a layout designed for both comfortable everyday living and effortless entertaining. A SEPARATE LIVING ROOM near the front of the home OFFERS FLEXIBILITY for a formal sitting area, home office, playroom, or additional gathering space. At the heart of the home, the OPEN-CONCEPT Kitchen, Dining Area, and Family Room create an inviting atmosphere filled with plenty of natural light. The GOURMET KITCHEN is a true showstopper, featuring BUILT-IN DOUBLE OVENS, a cooktop, stone countertops, a stylish tile backsplash, stainless steel appliances, a closet pantry, and a large island with a FARMHOUSE SINK and breakfast bar seating. Sliding glass doors in the Dining area flood the space with sunlight and provide views of the EXPANSIVE BACKYARD. Upstairs, a GENEROUS LOFT offers endless possibilities as a media room, game room, home office, fitness area, or second living space. The spacious Primary Suite serves as a private retreat with a walk-in closet and a beautifully appointed SPA-INSPIRED en suite bath. Three additional Bedrooms and another full bath provide plenty of room for family, guests, hobbies, or work-from-home needs. A nearby CONVENIENT LAUNDRY ROOM includes the washer and dryer. Step outside to the covered patio and enjoy the SPACIOUS BACKYARD, offering plenty of room for outdoor entertaining, play, gardening, or even future enhancements. Residents of Hanover Lakes enjoy EXCEPTIONAL AMENITIES designed for an active Florida lifestyle, including a zero-entry resort-style pool, splash pad, playground, recreational facilities, and one of the community's most unique features—a PRIVATE BOAT LIFT providing access to the Chain of Lakes, making it easy to enjoy boating, fishing, and waterfront adventures. Ideally situated near shopping, dining, medical facilities, and HIGHLY REGARDED SCHOOLS, residents can enjoy everything from the WATERFRONT CHARM of Lakefront Park and downtown St. Cloud to the convenience of nearby Lake Nona, Medical City, Orlando International Airport, and Central Florida's PREMIER ATTRACTIONS. With its oversized lot, UPGRADED FINISHES, flexible floor plan, and access to boating and resort-style amenities, this exceptional home offers the lifestyle you've been dreaming of. Call and schedule your tour today!
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.
