218 S Omaha St, Lake Hamilton, FL 33851
4 beds · 3 baths · 2,556 sqft
Tucked away on a quiet dead-end street in charming Lake Hamilton, Florida, this 4-bedroom, 2.5-bath single-family home offers a perfect blend of privacy, elegance, and modern comfort. Sitting on an expansive lot of nearly an acre with scenic water views of Lake Crystal, this property provides a serene retreat while still being close to life's conveniences. The heart of the home is the spacious kitchen, a chef's delight complete with double ranges, microwaves, refrigerators, granite countertops, and rich wood cabinetry. Flowing seamlessly into the oversized living room, this layout is perfect for both entertaining and everyday living. The generously sized bedrooms, alongside an expansive garage, offer plenty of space to accommodate your lifestyle. Outdoors, the private fenced backyard becomes your personal oasis, graced by a stunning mature oak tree that adds charm and shade to the landscape. Without the restrictions of an HOA, you’ll enjoy the freedom to truly make this property your own. Ideally located, this home is just minutes from major highways, local amenities, and some of Central Florida's most beloved attractions, including Bok Tower Gardens, Disney, Universal Studios and Lego Land. Whether you’re seeking tranquility or accessibility, this home delivers it all in style. Discover the perfect balance of elegance, comfort, and natural beauty—this is more than just a home; it's a lifestyle.
Source: STELLAR #P4934201
Financials
Source: STELLAR #P4934201
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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