WHY WAIT MONTHS FOR NEW CONSTRUCTION? This move-in-ready home already includes the upgrades buyers want most — luxury vinyl plank flooring, custom remote-controlled Zebra shades, a whole-house water softener, stainless steel kitchen appliances and a fully fenced private backyard with no rear neighbors, Wooded Lot behind, Vinyl Fence for Privacy & Furry Friends & all located one Floor - NO STAIRS! Welcome home to this beautifully maintained **Single Storey 4-bedroom, 2-bathroom DR Horton "Cali" floorplan** in the desirable Glenwood community of St. Cloud! Built in 2022 and offering 1,830 square feet of living space, this move-in ready home combines modern style, comfort, and an UNBEATABLE LOCATION! Discover an open-concept layout featuring soaring ceilings & ceramic tile flooring throughout the main living area. The chef-inspired kitchen showcases stainless steel appliances, a huge center island with seating, ample cabinetry, and a dining area that flows seamlessly into the living space. The Primary Bedroom has an en-suite bathroom with a Full Walk-In Closet, plus another separate closet! Double sinks with granite in the bathroom. The owners have thoughtfully upgraded the home with **luxury vinyl plank flooring in all bedrooms**, eliminating builder-grade carpeting, as well as **remote-controlled Zebra dual shades on every window** for style and convenience. A whole-house water softener system adds even more value and comfort. Enjoy Florida living at its best in the ** fully fenced backyard featuring a 6-foot vinyl privacy fence and no rear neighbors **, with peaceful wooded views behind the property. Relax on the covered lanai & Bring your FURRY FRIENDS! Residents of Glenwood enjoy access to a beautiful community swimming pool to cool down. No CDD Fee, and Low HOA fees, plus bring your furry companions since the community is Pet Friendly! Florida has NO State Income Tax! PRIME LOCATION!: Perfectly positioned between St. Cloud and Lake Nona, this home is just 9 minutes from the Orlando VA Medical Center and minutes from the acclaimed Lake Nona Medical City, home to the UCF College of Medicine, Nemours Children's Hospital, Sanford Burnham Prebys Medical Discovery Institute, and the University of Florida Research Center. Recreation opportunities abound with nearby East Lake Tohopekaliga (Lake Toho) offering outstanding boating and fishing, while the USTA National Campus provides world-class tennis facilities just a short drive away, & the new LAKE NONA WEST Shoppping Plaza. Enjoy convenient access to Orlando International Airport, major highways, Disney Theme Park attractions, shopping, dining, and entertainment. An added benefit is the home's location in St. Cloud within Osceola County, where Property Tax Rates are generally much lower than those in neighboring Orange County communities, including Lake Nona. ** Better than new and packed with thousands in post-closing upgrades, this beautifully maintained home offers exceptional value, privacy, and convenience in one of St. Cloud's fastest-growing locations. Call this one HOME! Make an appointment NOW!
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.
