Modern Luxury Meets Florida Lifestyle in Sheeler Oaks Location! Location! Location! Whether you’re dreaming of a peaceful poolside retreat or a central hub in the heart of Central Florida, this beautifully updated 3-bedroom home is a rare find. Perfectly positioned just 10 minutes from the Springs and 45 minutes from Disney, this residence offers the ultimate lifestyle balance. The Ultimate Outdoor Oasis Step into your private backyard sanctuary, designed specifically for the Florida lifestyle. At the heart of the home is a heated, sparkling inground swimming pool with a fully screened enclosure that is perfect for weekend BBQs, morning coffee, or an evening dip without the pests year-round! Renovated & Worry-Free Living Enjoy total peace of mind with a home that has been thoughtfully upgraded with high-end finishes and major mechanical replacements: Brand New Kitchen (2024–2025): Featuring new cabinets, sleek solid-surface countertops, and a full suite of appliances. Mechanical Integrity: New HVAC (2023) and a whole-home EVO water filtration system (2024). Infrastructure: Completely re-plumbed in 2018. Designer Finishes: Modern, renovated bathrooms and fresh, contemporary flooring throughout the entire home. Centrally Located for Work & Play Commuting and exploring are effortless from this prime Apopka location: Local Charm: Minutes from the burgeoning Apopka City Center, the boutique shops of Mount Dora, and the vibrant dining scenes in Winter Garden and Altamonte Springs. Commuter’s Dream: Close to Hwy 414 and 429, providing easy access to I-4, the Turnpike, and downtown Orlando. World-Class Attractions: A short drive to Universal, Disney, Camping World Stadium, Kia Center and the Atlantic beaches. Whether you're exploring Central Florida's world famous theme parks, sports venues and nature trails, or just lounging by your private pool, this home offers the turn-key lifestyle you’ve been waiting for. Buyers may qualify to assume seller’s low interest rate assumable loan. Don’t wait! 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.
