Welcome to this beautifully upgraded custom 2022-built two-story home featuring 5 bedrooms, 3 bathrooms, and plenty of space to live, relax, and entertain in one of Davenport’s newest communities! Designed with both comfort and functionality in mind, this spacious home offers a bright open-concept layout filled with natural light thanks to the many windows throughout. The heart of the home is the stunning chefs kitchen, complete with a massive quartz island, double ovens, stylish backsplash, tall solid wood cabinets, expansive counter space, and a large walk-in pantry for plenty of storage. The kitchen opens right into the spacious living area, where a gorgeous stone accent wall with an electric fireplace creates the perfect focal point for gathering with family and friends. Just off the main living space, elegant French doors lead to a private first-floor office overlooking the covered front porch and peaceful conservation views—ideal for working from home or creating a quiet retreat. The first floor also includes a separate guest bedroom and full bathroom, perfect for visitors or multigenerational living. Upstairs, you’ll find a spacious loft featuring a custom shiplap accent wall, offering endless possibilities for a second living room, playroom, or media space. A convenient second-floor laundry room includes washer, dryer, and cabinetry for added functionality. The oversized primary suite is a true retreat, complete with tray ceilings, another beautiful shiplap accent wall, a large walk-in closet, plus an additional walk-in closet through the primary bathroom. The ensuite bath features matching quartz double vanities with a built-in makeup station, linen closet, large walk-in shower, and private water closet. Three additional bedrooms and another full bathroom complete the second floor. While the inside of the home is absolutely beautiful and full of upgrades, the extended covered and enclosed lanai is what truly makes this property stand out. Featuring a custom ivy green accent wall, full dining area, and plenty of room for lounging, it’s the perfect spot to enjoy evenings by the fire with friends or unwind in the shade during warm Florida afternoons. Located just minutes from I-4, Posner Park, shopping, dining, and entertainment—and less than 30 minutes from Orlando’s world-famous theme parks—this home also offers access to fantastic community amenities including a resort-style pool and playground area for residents to enjoy. This one-of-a-kind property truly has it all!
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.
