Welcome to this beautifully upgraded single-story Minto Nicole home in the heart of Laureate Park, offering 3 bedrooms, 2 bathrooms, a dedicated office, and 2,342 square feet of thoughtfully designed living space. From the moment you enter, the home feels bright, open, and elevated, with wood-look tile flooring, crown molding, tray ceilings, plantation shutters, and custom stacked-stone details that add warmth and character throughout. The main living area is designed for everyday comfort and easy entertaining, with an open-concept layout connecting the great room, dining area, and gourmet kitchen. The kitchen features white cabinetry, stone countertops, a large island with seating, stainless steel appliances, double oven, cooktop, range hood, tile backsplash, and generous storage. The dining area is framed by beautiful lighting and built-in-style cabinetry, while the great room offers a spacious gathering area with a stacked-stone feature wall and views toward the private outdoor retreat. The primary suite is tucked away with its own custom feel, featuring tray ceilings, a stacked-stone accent wall, plantation shutters, and a large walk-in closet with custom organization. The primary bathroom includes dual vanities, a soaking tub, and a walk-in shower. Two additional bedrooms with newer carpet, a full bath, and a dedicated office provide flexible space for guests, work, or hobbies. Step outside through the French doors to a backyard made for relaxing and entertaining. The covered patio opens to a private heated saltwater pool with a sun shelf, water feature, pool lighting, paver deck, artificial-turf putting green, fenced yard, and professional landscaping, creating a true outdoor extension of the home. A rear-facing detached 2-car garage with alley access, garage door opener, and custom storage cabinets adds convenience while keeping the front elevation clean and welcoming. Notable updates include the saltwater pool in 2020, professional landscaping and custom storage improvements in 2021, professionally painted interior in 2021, professionally painted exterior in 2023, whole-house water softener in 2023, and new carpeting in the guest bedrooms in 2024. Located in Laureate Park, one of Lake Nona’s most sought-after communities, residents enjoy access to resort-style amenities including pools, fitness center, parks, playgrounds, dog park, clubhouse, trails, community dining, and neighborhood events. The sellers especially love being able to enjoy miles of nearby walking and biking trails, including a neighborhood nature trail just a short walk from the home. Just minutes from Lake Nona Town Center, Medical City, USTA, KPMG, shopping, restaurants, Moss Park, Nona Blue Tavern, Canvas, and major roadways including 417 and 528, this home combines upgraded single-story living with one of Orlando’s most connected lifestyles.
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.
