Experience elevated living in this beautifully maintained two-story home in the highly desirable Lake Nona area, offering the perfect blend of elegance, comfort, and modern upgrades. From the moment you enter, you’re greeted by a bright and inviting living room that flows effortlessly into the spacious kitchen—an ideal layout for both everyday living and entertaining. The kitchen features newer stainless-steel appliances, generous counter space, ample cabinet space and an open design that keeps you connected to the heart of the home. The first floor also includes a versatile bonus room with pocket doors and a conveniently located half bathroom nearby, making it an excellent space for guests, a private home office, or a quiet retreat. Enjoy serene views of the conservation area directly across the street from the charming front porch. The rear of the home offers just as much appeal, with a covered lanai and extended pavers overlooking a fully fenced backyard—perfect for outdoor gatherings, relaxing evenings, or morning coffee. Upstairs, the spacious master suite is joined by three additional bedrooms and a thoughtfully designed loft area that can serve as a second living room, media space, or playroom. This home has been updated with valuable features including a new AC unit (2020), a new water heater (2024), newer stainless-steel appliances, an irrigation system, and a garage door opener for added convenience. This community offers an array of amenities, including walking and biking paths, dog parks, community pool with splash pad, clubhouse, and a gym. Nearby conveniences include Orlando Health ER, Publix, Wendy’s, and local schools. Driving distance without tolls: Orlando International Airport, Lake Nona, Medical City, and Nemours Hospital all less than 20 minutes; Narcoossee Road and SR-417/528 about 10 minutes; and Kissimmee about 30 minutes This property delivers both luxury and lifestyle in one of Central Florida’s most sought-after communities. Experience comfort, privacy, and modern living in the heart of Lake Nona.
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.
