One or more photo(s) has been virtually staged. Looking for that new home without the wait of a new build? Welcome to your beautifully appointed 3-bedroom, 2-bath home in one of Lake Alfred’s newer communities! This modern residence blends comfort, style, and convenience, offering a bright open layout and access to fantastic neighborhood amenities including a community pool and playground. Step inside to an inviting open-concept living area centered around a spacious kitchen featuring granite countertops, stainless appliances, a large island, and plenty of cabinet space—perfect for everyday cooking or entertaining with ease. The living and dining areas flow seamlessly and offer wonderful natural light. The split floor plan provides privacy, with a large master suite complete with a generous walk-in closet and an en-suite bath. Two additional bedrooms are well-sized and ideal for family, guests, or a home office. Relax on the rear lanai that overlooks the peaceful backside of the community, giving you a sense of privacy with no immediate rear neighbors. Whether enjoying your morning coffee or unwinding at sunset, this outdoor space is a highlight. The yard is beautifully landscaped with custom curbing. Your new home looks beautiful at night with Govee Permanent Outdoor Lights which are completely programmable and adjustable through an app. Conveniently located near Auburndale, Winter Haven, the Polk Parkway, I-4 and an easy drive to Orlando, this home offers the perfect combination of modern living and small-town charm. With community amenities at your fingertips and a like-new home ready for its next owner, you won’t want to miss this one! Call for your private showing 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.
