Discover peaceful country living with modern convenience on 3.05 acres of tranquility! Built in 2020, this 1,980 sq ft double-wide manufactured home offers 3 bedrooms and 2 bathrooms with thoughtful upgrades throughout. A BRAND-NEW ROOF (2025) adds peace of mind, while a BLUETOOTH DIGITAL THERMOSTAT enhances comfort and efficiency. The home also features gutters for added protection and convenience. When you enter the home, you’ll be impressed by the attention to detail and spacious open layout. The large kitchen features a GENEROUS ISLAND WITH SITTING AREA FOR 6 PEOPLE, abundant cabinetry, and plenty of space for cooking and gathering. ELEGANT VINYL PLANK FLOORING FLOWS THROUGHOUT THE HOME WITH NO CARPET, creating a modern and low-maintenance living space. The primary suite offers a spacious bedroom and a beautiful bath with dual vanities, a relaxing garden tub, and a walk-in shower. The home also features two additional large bedrooms and a second full bathroom, providing plenty of space for family, guests, or a home office. Outdoor living truly shines with a 50X20 SCREENED DECK—perfect for relaxing while enjoying wildlife, sunsets, and peaceful lake views with lake access. Cool off in the above-ground pool and enjoy the RECENTLY INSTALLED WINTER RYE GRASS, the envy of the community. This is one of only two homes in the neighborhood with a FULL IRRIGATION SYSTEM. Designed for versatility, the property includes an ELECTRIC CAR CHARGER AND RV HOOKUPS WITH 30- AND 50-AMP SERVICE. AN ADDITIONAL RV SETUP WITH POWER, WATER, AND A WASTE DUMP STATION offers excellent potential for guest quarters or income opportunities. The 18X20 POWERED GARAGE with a concrete floor that is currently being used as a WORKSHOP. The property is FULLY FENCED AND FEATURES A LONG DRIVEWAY WITH OFFSET PARKING FOR ADDED CONVENIENCE. Ideally located just minutes from Lake Harris, Downtown Clermont, Downtown Tavares, Mission Inn Resort with championship golf courses and restaurants, and JB Boondock’s Bar & Grill. This unique property offers space, flexibility, and an unbeatable lifestyle opportunity. Schedule your private showing today!
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.
