Rare Lakefront Pool Home | Sunset Views | Built 2021 Rare lakefront pool home on a motorized boating lake—watch water skiers by day and enjoy stunning western sunsets each evening. Built in 2021, this property offers a unique combination of direct water access, modern design, and private outdoor living that is increasingly difficult to find. Lakefront living with a private saltwater pool. Welcome to 866 Baylor Drive, a direct lakefront home on Lake Gleason offering both a private saltwater pool and access to a motorized boating lake—an increasingly rare combination in Central Florida. Enjoy watching boats and water skiers glide across the open water by day, and unwind in the evening with stunning western sunset views across the lake. This 4-bedroom, 2-bath move-in-ready home in Lake Gleason Reserve features a bright open-concept design connecting the kitchen, dining, and living areas—ideal for everyday living and entertaining. The family room is enhanced by stylish wood and tile accent walls that add warmth, texture, and a custom design element rarely found in homes of this age and price point. The kitchen is centered around a wood-accent island that complements the space while maintaining a clean, modern feel. French doors open to a screened lanai and private pool overlooking the water, creating a true indoor-outdoor living experience. The backyard offers space to relax, entertain, kayak, paddleboard, or fish right from your property. The primary bedroom offers beautiful views of the lake and pool area, providing a peaceful setting to start and end your day. Additional features include smart home technology (thermostat, doorbell, and entry), USB outlets, whole-home air purification system, water conditioning system, generator hookup, cedar pantry, and additional attic insulation. The fully fenced yard is landscaped and enhanced with a French drainage system, and the exterior has been recently painted. Located minutes from Lake Gleason Park with a public boat ramp, playground, pavilion and picnic area—providing convenient access to enjoy boating and recreation. Homes offering this combination of lakefront access, private pool, and newer construction are limited—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.
