On over 2.5 private acres in the sought-after community of Wedgefield, this exceptional estate offers a rare blend of luxury, privacy and convenience. Behind a long tree-lined driveway and surrounded by mature woods, the property creates a tranquil, nature-inspired retreat while remaining just 20 minutes from Lake Nona, Medical City, Orlando International Airport and approximately 30 minutes from Orlando’s world-renowned attractions. Spanning more than 5,400 square feet, the residence showcases soaring vaulted ceilings, abundant natural light, and a thoughtfully designed floor plan ideal for everyday living and entertaining. The private first-floor primary suite occupies its wing of the home and features wood flooring, dual walk-in closets, private patio access and a spacious spa-inspired bath. At the heart of the residence, the gourmet kitchen offers 42-inch cabinetry, granite countertops, an oversized island with vegetable sink, stainless steel appliances, beverage refrigerator, walk-through butler’s pantry, separate walk-in pantry and breakfast nook framed by picturesque views of the surrounding landscape. Upstairs, three additional bedrooms are complemented by generous flex spaces, including a massive bonus room and dedicated office, providing endless possibilities for remote work, a fitness studio, game room or multi-generational living. Two of the bedrooms enjoy direct access to an expansive 35-foot balcony overlooking the private grounds and peaceful wooded backdrop. Designed for those who value space, privacy and lifestyle, the estate also features a private pond and an impressive 60-by-35-foot detached workshop complete with oversized doors, a climate-controlled workspace, additional flex room ideal for a gym, and extensive covered parking for RVs, boats, recreational vehicles or an automotive collection. With no HOA and endless room to enjoy the outdoors, this is a rare opportunity to own one of Central Florida’s unique luxury lifestyle properties, where nature, privacy and convenience exist in harmony.
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.
