18033 Rose St, Groveland, FL 34736
4 beds · 4 baths · 2,976 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Looking for a peaceful lakeside retreat? Welcome home to your Lake Emma Paradise! This breathtaking 4-bedroom, 3.5-bathroom lakefront estate, offers the perfect blend of privacy, and natural beauty, all situated directly on the shores of Lake Emma in Groveland, Florida. The main house features a spacious 3BR/2.5BA split-plan layout, including formal living and dining rooms, plus a massive family room with a striking wood-burning fireplace. The gourmet kitchen is a true standout with 42" real oak cabinetry while the home boasts Australian cypress wood floors, ceramic tile, built-in shelving, and thoughtful details throughout. The 508 sqft In-Law/Guest Apartment over the garage provides a private retreat with a full kitchen, full bath, separate bedroom, and laundry room—perfect for guests, extended family, or even as a rental space. Outdoors, this property really shines. The fully fenced yard has an automatic gate giving you ultimate privacy. The property is beautifully landscaped, with manicured garden niches and towering oak trees, creating a serene and peaceful environment. The expansive and oversized 4-car garage, along with a separate large storage shed, offers ample space for storage, a workshop, or creative pursuits. For those who love the water, this lakefront paradise includes a floating dock, double jet ski lifts, and a shore station for your boat. Lake Emma is a part of the Groveland chain of lakes connecting you to Lake Lucy. Spend your days adventuring through the chain and evenings by the lakeside fire pit roasting s’mores, or relaxing near the tiki-lit area—ideal for entertaining or enjoying quiet lakeside moments. This stunning estate is truly a one-of-a-kind find, offering an unparalleled living experience in a spectacular, peaceful lakefront setting. Don't miss the opportunity to own this incredible slice of heaven. Schedule your private showing today!
Source: STELLAR #G5091028
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5091028
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
