TURNKEY, MOVE-IN READY beautiful home on 2.26 acres of pure beauty! Located minutes from major highways, hospitals, golf courses, trails, lakes, boat ramps, shopping and more. This spacious and comfortable home offers 3 bedrooms plus an office with a walk-in closet that can easily be used as a 4th bedroom, 3 full baths, and over 2,000 sq ft of living space. When you enter, you are welcomed by an ELEGANT OPEN-CONCEPT FLOOR PLAN featuring a beautiful TRAY CEILING that adds architectural charm and a grand feel—perfect for entertaining. The large kitchen offers plenty of cabinets, a walk-in pantry, and a spacious island overlooking the living areas, so you can cook and still be part of the conversation. Enjoy a COZY WOOD-BURNING FIREPLACE during Florida’s cooler nights. The OVERSIZED PRIMARY SUITE provides plenty of room for all your furniture plus a sitting area. The primary bath features double vanities, a large walk-in shower, and a walk-in closet. The secondary bedrooms share a convenient Jack and Jill full bathroom, and the home also includes a third full guest bathroom for added comfort and convenience. Step outside to your private paradise featuring a large firepit over a beautiful, paved patio—perfect for gatherings under the stars—as well as an additional wood deck patio ideal for relaxing or entertaining. The property also includes a 20X15 TWO-STORY BARN ideal for a workshop, storage, hobby space, or whatever you can imagine, plus an additional shed and chicken/duck coop. With a well and filtration and purification system, saying goodbye to expensive water bills. Bring your horses, RV, boats, and all your toys! Centrally located just minutes from Lake Harris, downtown Clermont, downtown Tavares, Mission Inn Resort & Club, and JB Boondock's Bar & Grill located on Little Lake Harris. This property truly has it all. Schedule your private showing today before it’s gone!
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.
