One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer **WELCOME HOME** 897 Gulf Land Drive is where you will discover the ideal blend of space, versatility and privacy in this beautiful 4 bedroom, 3 full bath single-story POOL HOME in the sought-after Rock Springs Ridge community of Apopka! Thoughtfully maintained and updated, this home brings peace of mind with a BRAND NEW WATER HEATER (2025), NEWER ROOF (2023), CUSTOM CLOSETS THROUGHOUT (2020), plus a UV A/C system for added efficiency. Sitting on a generous .38 ACRE LOT with NO REAR NEIGHBORS, you will enjoy a gorgeous WOODED BACKDROP and tranquil POND VIEW – your own private retreat! High ceilings, WOOD AND TILE FLOORING throughout, and abundant natural light create a warm, inviting feel from the moment you walk in. Designed with a super functional 3-WAY SPLIT FLOOR PLAN, this home offers exceptional flexibility. Formal living and dining spaces flow easily into the spacious kitchen and casual family room. At the heart of the home, the kitchen delivers solid wood cabinetry, STAINLESS STEEL APPLIANCES, tons of storage, a large ISLAND with breakfast bar, ample counter space and additional pantry storage – a dream layout for everyday living and entertaining. A large BONUS ROOM with an office area and BUILT-IN WET BAR adds even more versatility, with direct access to the SCREENED POOL and a convenient pool bath just steps away. Multiple access points to the COVERED LANAI make indoor/outdoor living effortless, and the sprawling backyard offers lush landscaping, mature trees, and wide-open green space. The private PRIMARY SUITE sits on its own wing of the home and features a cozy SITTING AREA that opens to the lanai, DUAL CUSTOM WALK-IN CLOSETS, and a well-appointed en-suite bath. The remaining bedrooms are thoughtfully separated, making this layout perfect for families, guests or multi-generational living. Additional features include an extended garage, large laundry room, built-in enhancements throughout, and excellent use of every square foot – this home truly has everything you need! Located in a quiet, established community zoned for TOP-RATED SCHOOLS, with easy access to shopping, dining, SR 429, the Northwest Recreation Complex, Wekiwa Springs State Park, Lake Apopka and more. A beautiful home, a stunning setting, and a floor plan that simply feels like HOME! Call today to schedule a tour!
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.
