Seller is providing $9,000 in closing cost assistance, PLUS this home also has an assumable mortgage, allowing buyers to purchase with a 4.625% interest rate! Positioned on a premium corner lot with direct views of the neighborhood park, 545 Jerry Lane invites you into a thoughtfully designed single-story layout crafted for both everyday living and memorable entertaining. This 4-bedroom, 2-bath transitional ranch—the popular King floor plan—features a smart split-bedroom design, multiple flexible living spaces, and an oversized great room that flows seamlessly into a stylish kitchen and outdoor living area. Located in the heart of Haines City, you'll enjoy convenient access to US-27, I-4, shopping, dining, and Central Florida's favorite attractions—including LEGOLAND, Lake Eva Park, Ridge Island Groves, and Walt Disney World. Step inside and experience the natural light and open concept layout that make this home shine. The spacious living and dining area provides flexible space for families to spread out, for formal gatherings, and for holiday get togethers. The sleek, modern kitchen is equipped with granite countertops, stainless steel appliances, and an oversized peninsula with breakfast bar seating. With ample cabinetry and a double pantry, this kitchen is designed for both style and serious functionality. The generous great room at the heart of the home offers great space for relaxing, cozy movie nights, or peaceful mornings with a view of your private backyard. The primary suite is a luxurious retreat tucked away at the back of the home, offering privacy and relaxation. You'll love the size of the bedroom, the oversized walk-in closet, granite vanity with built-in makeup space, and large walk-in shower. Bedrooms two and three are very generously sized and located off a side hallway with t the 2nd bathroom, while bedroom four sits just off the foyer—ideal for a home office, creative studio, or guest space. The interior laundry room, conveniently located off the side hallway, offers additional storage and direct access to the two-car garage. Energy efficiency is at the core of this concrete block constructed home, featuring a high-efficiency HVAC system, dual-pane Low-E windows, water-saving fixtures, and digital thermostat. Not only does this make for comfortable year-round living, but it also keeps your utility bills in check. With 2,129 square feet of well-planned living space, this home is ideal for a wide range of buyers—from first-time homeowners and growing families to retirees looking for low-maintenance, single-level living near Florida’s most exciting attractions. The Alford Oaks community offers sidewalks, scenic walking paths, and a centrally located park with a playground and shaded picnic areas, perfect for weekend fun or after-school playdates. Zoned for top-rated magnet schools, this neighborhood is as family-friendly as it is future-ready. Whether you’re looking for a turnkey primary residence, a second home close to Disney, or a smart investment in a fast-growing area—545 Jerry Lane delivers. Come see the lifestyle, comfort, and convenience waiting for you in this move-in-ready Haines City gem.
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.
