Positioned on a premium corner lot with open park views, 545 Jerry Lane offers something buyers rarely find in today’s market: space, privacy, and value in a nearly new home with over 2,100 square feet. With 4 bedrooms, 2 bathrooms, and the popular King floor plan, this single-story home delivers the kind of layout buyers love—an open main living area, a smart split-bedroom design for privacy, and multiple flexible spaces that easily adapt to everyday life. From the moment you walk inside, the natural light and open layout make the home feel comfortable and inviting. The spacious living and dining areas offer room for families to spread out, host friends, or gather for holidays without feeling crowded. The kitchen sits at the center of it all, featuring granite countertops, stainless steel appliances, generous cabinetry, and a large peninsula with breakfast bar seating—perfect for casual meals, homework time, or chatting while dinner is being prepared. Just beyond the kitchen, the oversized great room creates a relaxed central gathering space with views toward the backyard, making it an ideal spot for movie nights, game days, or quiet evenings at home. The primary suite is privately tucked away at the back of the home, offering a peaceful retreat with a large bedroom, walk-in closet, granite vanity with makeup space, and a spacious walk-in shower. Bedrooms two and three are generously sized and located along their own hallway with the second bathroom, while the fourth bedroom near the foyer offers flexibility as a home office, guest room, or creative space. One of the biggest advantages of this property is its corner lot setting. With the neighborhood park directly across the street and no neighbors on one side, the home enjoys a more open, spacious feel than many homes in the community. The backyard is also a blank canvas—ready for the next owner to create their dream outdoor space. Whether that means a future patio, pool, garden, or outdoor kitchen, there is plenty of room to design it exactly how you want. Built with energy-efficient features including concrete block construction, a high-efficiency HVAC system, dual-pane Low-E windows, water-saving fixtures, and a digital thermostat, this home is designed to keep you comfortable while helping control monthly utility costs. Located in the Alford Oaks community, residents enjoy sidewalks, walking paths, and a centrally located park with playground and picnic areas—perfect for evening walks or weekend time outdoors. And when it comes to convenience, you’re just minutes from US-27, I-4, shopping, dining, LEGOLAND, Lake Eva Park, Ridge Island Groves, and Walt Disney World. For buyers comparing homes in this area, the value here is clear. Many nearby new construction homes offer less square footage at a higher price, making 545 Jerry Lane an opportunity to get a larger 4-bedroom home in a great location without the new-build premium. Even better, this home offers a rare financial advantage: an assumable mortgage with a 4.625% interest rate, potentially saving buyers significantly compared to today’s market rates. If you're looking for space, smart value, and a home you can grow into, 545 Jerry Lane deserves a spot at the top of your showing list.
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.
