Discover your dream home in the tranquil community of Indian Lake Estates! This beautifully maintained 3-bedroom, 2-bathroom home with 2,543 sq. ft. of living space sits on a .5-acre lot with direct canal access to the famous Lake Walk-In-Water, one of Florida’s premier bass fishing lakes. Enter through the screened front porch and double doors into a bright, open interior highlighted by elegant archways, a split floorplan, and multiple living areas. The home features a separate living room, dining room, and a large bonus room that can serve as a family room or game room. A dedicated office offers flexibility as a potential 4th bedroom. The updated kitchen and bathrooms shine with quartz countertops, stainless steel appliances, a breakfast bar, and a sunny dinette area. The private primary suite includes its own foyer, a spa-like ensuite with garden tub, separate shower, and dual sinks, and plenty of space for relaxation. Step outside to your backyard oasis! Enjoy a solar-heated pool with fountain (resurfaced in 2023), a fenced yard with fruit trees, and two sheds with electric. For water lovers, a 14x18 dock and boathouse with a 4,500 lb lift make boating, fishing, and water skiing easy. As a resident of Indian Lake Estates, you’ll have access to outstanding amenities: an 18-hole golf course, tennis and shuffleboard courts, basketball, a shooting range, a 23,000 sq. ft. clubhouse, restaurant, churches, and more. Nature lovers will enjoy frequent sightings of deer, turkey, and sandhill cranes. Located just an hour from Orlando and Tampa, this home is ideal as a full-time residence or a peaceful weekend retreat. Cast a line from Florida’s longest freshwater fishing pier, stretching 1,000+ feet into Lake Walk-In-Water, or enjoy endless water activities right from your own backyard. Whether you’re looking to rest, relax, or rejuvenate, this property offers the perfect blend of comfort, recreation, and natural beauty.
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.
