MOVE-IN READY lakefront Next Gen home with a EXTRA private-entry apartment-style living space, expansive water views, SOLAR PANELS, a FENCED YARD, and a cul-de-sac setting in the Estates at Lake Hammock community. Designed for flexibility and everyday comfort, this 4-bedroom, 3-bath home offers 2,109 square feet of living space with a layout well suited for multi-generational living, extended guests, work-from-home needs, or buyers seeking additional privacy under one roof. Approaching the home, the covered front porch creates a welcoming entry, while the peaceful lakefront backdrop immediately sets this property apart. Step inside to a bright foyer with neutral finishes and ceramic tile flooring that continues through the main living areas. From the entry, the open layout naturally draws you forward toward the living space, where large sliding glass doors frame the lake view and fill the room with natural light. The kitchen is open to the main gathering area and features solid-surface countertops, gray cabinetry, stainless steel appliances, recessed lighting, pendant lighting, a breakfast bar with seating space, and generous cabinet and countertop storage. The adjoining dining space provides a comfortable place for everyday meals while maintaining an easy connection to the kitchen and living room. The spacious great room is designed to keep the lake view at the center of the home. A decorative accent wall adds warmth and character, while the open flow provides room for both relaxing and entertaining. Slide open the glass doors to the covered rear lanai, where the view extends across the backyard to the water beyond. This is a setting made for quiet mornings, outdoor dining, and evenings spent taking in the natural Florida scenery. A major highlight of this property is the private-entry Next Gen apartment-style space, providing a separate exterior entrance and added flexibility for household needs. This private area creates valuable options for multi-generational living, extended-stay guests, adult family members, a caregiver arrangement, or a more independent home office setup while remaining connected to the main residence. The primary bedroom is located on the main level, and the home's split-bedroom design adds comfort and privacy. Three additional bedrooms and a total of three full bathrooms provide practical space for residents and guests. The dedicated interior laundry room adds convenience for daily routines, while ceramic tile and carpet flooring are thoughtfully placed throughout the home. Outside, the fenced backyard opens to a remarkable lakefront setting, with mature trees and wide water views creating a peaceful natural backdrop. The covered lanai provides shaded outdoor living space, and the backyard allows room to enjoy the view, entertain, garden, or spend time outdoors without losing sight of what makes this homesite so special. Located in the Estates at Lake Hammock, the community includes amenities such as a playground, sidewalks and walking paths, and open green spaces. For buyers searching for a lakefront Central Florida real estate opportunity or an Orlando relocation home with flexible multi-generational living space, this property provides a distinctive combination of layout, setting, and functionality. Contact us today for a private tour or more details on this exceptional opportunity.
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.
