Welcome to 641 Stallings Avenue. This cozy 900-square-foot home has been lovingly cared for, and it shows. Inside, you’ll find a bright and functional layout that gives everyone room to unwind. Skylights brighten the interior of the thoughtful layout that gives the home a surprisingly spacious feel. Recent updates include a 2022 roof, 2018 windows, new flooring in the living area, a refreshed primary bath shower completed in 2025, and a pool pump that’s just two years old. The highlight of this property is its screen-enclosed inground pool, set on a generous 10,000-square-foot lot. Step outside and you’ll immediately feel as though you’ve escaped to your own private retreat. The spacious covered patio is perfect for lounging, dining, or entertaining. The uncovered portion of the yard is equally generous, providing plenty of room for yard games or simply relaxing in the peaceful surroundings. Plus, a back gate offers convenient access for parking an RV or boat along the side. This property strikes an ideal balance between convenience and tranquility. It's close to everyday essentials; Walmart supercenter, gas stations, Dunkin' Donuts, Walgreens, Publix, McDonald’s, and others, yet it remains quiet and peaceful. Easy access to State Road 415 and Howland Boulevard, connecting quickly to I-4. The property is about 18 minutes from Sanford and roughly 33 minutes from Orlando and nearby cities. It’s an inviting, well-kept home with comfortable living spaces both indoors and out. Experience the best of Florida lifestyle living in a home designed for peace, privacy, and enjoyment. All pool furniture conveys.
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.
