Come check out this solid block home with key updates already in place. Your new 3-bedroom 2-bath home has a layout that is versatile and inviting. Floor plan features a spacious master bedroom, a cozy living room, and a flexible bonus room that can easily transform into a game room, formal dining area, family room or even 4th bedroom if you’d like. There’s even an interior laundry room large enough for the pets to have their own room too! Ideal for first-time homebuyers looking to add their own personal touch and make it truly their own! Enjoy your spacious fenced yard. Home peacefully sits on a little over a quarter of an acre to enjoy! Perfect for pets, gardening, gatherings, storage or simply relaxing in your own private retreat. The spacious lot provides room for outdoor projects or future enhancements. Home has been updated: Air conditioning, electrical, roof, plumbing, windows, and paint. Don't forget the large storage room on side of home. This is a true community where homeowners know and care for one another. The community maintains a quiet and friendly atmosphere. Imagine walking to Barnette Park for an afternoon of fun or catching the National Parade, a joyful tradition since 2021 with vendors, music, and celebrations right in your neighborhood. Its central location makes it ideal for convenience and accessibility. Easy access to transportation, major roadways, shopping, schools, and activities! You'll also appreciate the nearby schools and multiple daycare centers, while commuters will enjoy the new bus links and easy access to all major roadways: 429, 408, I-4, 414, and 50. You’re 15 minutes from Downtown Orlando, 20 minutes from Universal Studios, 30 minutes from Disney World, and only 30 minutes from Orlando International Airport. For weekends, enjoy a 10-minute drive to Dubsdread Golf Course, College Park, or Winter Park. When you’re craving the sand and sea, day trips to both the Atlantic beaches and the Gulf of Mexico are within reach! Ready to live life in the center of everything Orlando has to offer? Don’t miss your chance to make it yours! Easy to view, contact the Seller’s Agent to schedule your appointment to see it 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.
