RETURN TO MARKET WITH A MASSIVE $40,000 PLUS PRICE REDUCTION - PRICED FOR AN IMMEDIATE SALE. NOW ONLY $557,999!!! Welcome to 8220 Bayview Crossing Drive in the heart of Winter Garden - a beautifully updated 4 bedroom, 3.5 bath residence offering 2,477 square feet of thoughtfully designed living space, including a versatile loft and a private first-floor suite. This Waterleigh home has been extensively renovated with the intention of becoming a long-term residence, and it shows in every detail. The interior and exterior have been freshly painted, creating a crisp, modern look and exceptional curb appeal. Most of the flooring has been replaced, enhancing both style and durability throughout the home. The kitchen has been elevated with brand-new, top-of-the-line appliances, delivering both functionality and sophistication for everyday living and entertaining. The layout is both functional and flexible. A private first-floor suite with its own full bath is ideal for guests, multigenerational living, or a dedicated home office. Upstairs, the spacious primary suite offers comfort and privacy, complemented by additional bedrooms and a generous loft area that can serve as a media room, study space, or second living area. With 3.5 baths thoughtfully positioned throughout the home, convenience and comfort are ensured for both residents and visitors alike. Located in one of Winter Garden’s most desirable areas, this home provides easy access to shopping, dining, parks, top-rated schools, and major roadways while still offering the warmth and charm that make this community so special. Originally updated to serve as a “forever home,” an unexpected professional opportunity is taking the current owners back to Hawaii to lead the nonprofit organization they founded. Their relocation creates a rare opportunity for the next owner to enjoy a move-in-ready home where the hard work has already been done. This is not a cosmetic flip. It is a thoughtfully improved home ready for its next chapter.
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.
