Welcome to this exceptional lakefront estate in the exclusive gated community of Weatherstone, ideally situated on the serene shores of Lake Olivia in Windermere, Florida. This beautifully appointed residence offers 7 bedrooms, 4 full bathrooms & a rare combination of timeless architecture & modern luxury. From the moment you arrive, the home's curb appeal is undeniable. The expansive wrap-around front porch invites you to relax & enjoy the lush landscaping - an ideal spot for morning coffee or evening gatherings. Once inside, discover a sun-filled interior with soaring ceilings, Anderson wood flooring, plantation shutters, crown molding & custom designer finishes throughout. You will be in awe of the bright & airy layout - seamlessly connecting living & dining spaces with lake views from every room! The heart of this home is the Kitchen - centrally located to all entertaining areas. Holidays & Family nights will be a breeze with ample counter space, large island with new stove (Nov 2025), SS appliances & large eating area w/new tile (Nov 2025) that seamlessly bring the outdoors inside. You will not be short of storage with the 42" cabinets & 2 oversized walk-in pantries, one with a hidden bar area! The Primary Bedroom is a true sanctuary, with lakefront views, an oversized custom closet & shutters for privacy. You will find peace & relaxation in your luxurious & newly remodeled (2023) en-suite bathroom appointed with custom Quartz dual vanities, soaking tub & luxurious walk-in shower. The main level of this property offers a generous Den/Study appointed with custom built-in's, a bedroom (that can be converted back to a formal Dining Room) & full size bathroom (remodeled 2023) conveniently located to the Living areas. As you make your way upstairs, note the gorgeous wood stairwell & upgraded LightStyle Crystal Fixtures! The 2nd floor is the HUB of family & yet offers privacy & space for all. A dedicated "work station" with custom built-in's & quartzite. You will also find 4 bedrooms - each set with newly remodeled Jack & Jill bathrooms (2023), brand new carpeting (2025) & walk in closets. On the other side of the landing you will find your 7th bedroom & oversized Bonus Room with closet. If 7 bedrooms aren't enough, this could also count as an additional one! This expansive residence shows pride of ownership & organizational conveniences with a dedicated Laundry Room on the 1st floor, ample storage areas, Newer Tile Roof (2023), Exterior Paint (2021) & Front porch ceiling & floors painted (Nov 2025). Let's not forget the 3-Car Garage w/dedicated storage & Epoxy Coating. Perfect for year-round entertaining, the outdoor living area boasts a covered lanai, summer kitchen, resort style pool (resurfaced 2023), Pool Pump (Nov 2025), Dog Run w/artificial turf (2024),Trex Boat Dock w/Lift (2019) & Fire Pit - all overlooking tranquil Lake Olivia. Weatherstone is an exclusive gated enclave of only 13 estate homes with a convenient private gate & walking distance to Yellow Dog Eats & Gotha Park. Conveniently located just minutes from Windermere’s charming town center, top-rated schools, and world-class golf, this home offers rare lakefront elegance in one of Central Florida’s most coveted communities.
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.
