One or more photo(s) has been virtually staged. Gorgeous 5-Bedroom, 4-Bath Lake-Access David Weekley Home with NEW ROOF on a Spacious Cul-de-Sac Lot in Wilderness Lake Preserve, Land O’ Lakes, FL Welcome to your dream retreat in the heart of the award-winning Wilderness Lake Preserve! This stunning David Weekley Dakota model offers sophisticated architecture, elegant finishes, and a comfortable, mostly single-story floorplan with the owner’s suite and all secondary bedrooms downstairs—perfect for easy living. Curb appeal shines with thoughtful landscaping on a generous cul-de-sac lot. What looks like a standard 2-car garage is actually a 3-car tandem garage with one bay an impressive 38 feet deep—ideal for parking a boat or extra vehicles and gear. Step inside to an open-concept layout centered around a fully loaded chef’s kitchen featuring 42-inch wood cabinets, granite countertops, a large center island with breakfast bar, elevated dining nook, walk-in pantry, and stainless-steel and black appliances. Soaring ceilings, crown molding, and solid hardwood floors add timeless elegance throughout. The enormous screen-enclosed lanai creates an ideal extension of your living space for year-round outdoor enjoyment in Florida’s beautiful climate. The epic owner’s suite is truly oversized, complete with a bump-out bay window lounge area, direct lanai access, and a spa-like ensuite bath boasting dual vanities, a separate walk-in shower, garden tub, private water closet, and an extra-large walk-in closet. This home is packed with thoughtful upgrades: a brand-new roof, water softener, automated Wi-Fi-enabled irrigation, in-floor electrical outlets, and more. A private wing off the main living area includes a versatile flex room flanked by two large bedrooms and a full bath—ideal as a teen retreat, in-law suite, guest quarters, or home office/gym. Upstairs, you’ll find a gigantic recreation flex space (or 5th bedroom with closet and full bath) that can easily become a game room, home theater, or additional guest suite. The possibilities are endless! Thoughtful design details make this home especially welcoming for those with mobility needs, including extra-wide hallways and spaces, mostly single-story living, and mounted support bars in the owner’s suite water closet and guest bath near the lanai. Extra-long Driveway and LOW HOAs and LOW CDDs. Lake access is conveniently located just around the corner at Cormorant Cove—launch a kayak or canoe and enjoy peaceful days on the water without the hassle of waterfront maintenance. Take the full 3D tour to experience every inch of this exceptional home. Resort-Style Living at Wilderness Lake Preserve This isn’t just a home—it’s an extraordinary lifestyle. The community’s lakeside recreation center (The Lodge) features a timber-covered dock with kayaks and canoes available, heated lap pool, lagoon-style pool, outdoor spa, world-class fitness center overlooking the lake (with Peloton bike wall), saunas, movie theater, nature center, party spaces, a 3-story treehouse playground, sports courts (pickleball, basketball, tennis, sand volleyball), multiple parks, trails, and a vibrant calendar of events and social activities. If you’re seeking a sophisticated, flexible, and move-in-ready home in one of Land O’ Lakes’ most desirable communities, this is it. Schedule your private showing today and discover why this could be your forever dream home.
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.
