* ONE STORY * 0.25 Acres Lot * 3 CAR GARAGE * LARGE SCREENED LANAI * Winter Park School District * KITCHEN RENO 2026 * 2026 ROOF * 2020 AC * 3 Car Garage * PLANTATION SHUTTERS * 3 WAY SPLIT FLOOR PLAN* WATER SOFTENER * IMMACULATELY MAINTAINED ONE STORY HOUSE WITH EXTENSIVE ACCESS TO SCREENED POOL/LANAI AREA. This Well maintained SALT POOL/SPA home located in the Enclave of Lake Jean community. 5 bedroom, 3 full bath, formal dining, family, and living rooms. Built by Taylor Morrison Homes in 2007. The beautiful landscaping with a variety of tropical plants and flowers will be your first impression of this home. As you enter through the paved driveway, you will be welcomed by the 12 FEET high ceiling in the Formal Dining and Living Room area. The kitchen is newly renovated, including staggered gray shaker cabinets, top of the line quartz countertop and backsplash, under cabinet lights, skylight above the sink with solar nightlight, workstation sink, touchless stain-resistant faucet, filtered drinking water, large kitchen island, and drawer type cabinets. The kitchen space has windows with a view of the pool and yard. The large family room next to the kitchen includes a rare wood burning fireplace. Beside the kitchen, there are two bedrooms connected with a Jack and Jill bathroom. On the rear side of the house is a guest bedroom with a pool access bathroom. The master bedroom is located on the right side of the house beside the 5th bedroom. The oversized master bedroom has room for an en-suite office or sitting area. The bedroom includes a French door to the lanai, a his and her closet, and double vanities. The community features a 12-acre lake with fishing dock, playground, and picnic area. The location offers easy access to Oviedo, Winter Springs, Downtown Orlando shops, Colonial Town, Mills 50, and dining. It also offers convenience to toll roads 436, 408 and 417, Orlando International Airport, along with the University of Central Florida, and Valencia College East Campus.
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.
