3214 Lowndes Dr, Winter Park, FL 32792
3 beds · 2 baths · 1,200 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning 3-bedroom, 2-bathroom pool home, offering 1,200 square feet of beautifully remodeled and updated living space. Nestled in a quiet, friendly neighborhood, this home provides the perfect blend of tranquility and convenience, making it an ideal retreat for families, professionals, or anyone seeking a relaxing, move-in-ready property. From the moment you walk in, you’ll be impressed by the sleek modern finishes throughout, with an open and airy floor plan that creates a warm and inviting atmosphere. The spacious living areas are perfect for both entertaining and day-to-day living. The kitchen features newer, high-quality appliances, providing both style and functionality for the home chef. The bathrooms have been updated with contemporary touches, adding to the home’s overall appeal. Step outside into your own personal oasis, where the beautifully designed pool awaits, offering the perfect spot to unwind and soak up the Florida sunshine. The backyard is fully fenced for added privacy and security, making it ideal for pets, children, or simply enjoying some peace and quiet. Plus, the master bathroom features a convenient door that leads directly to the pool area, making it easy to rinse off after a swim and head straight back into the comfort of your home. For those who value energy efficiency, this home comes equipped with solar panels that are still under warranty and are fully transferrable, helping you save on utility bills. You can also rest easy knowing that the roof was replaced in 2019, and the AC system is from 2020, ensuring that your home stays cool and comfortable year-round. This home truly has it all – a fantastic location, high-end updates, a gorgeous pool, and all the major systems are up to date. Whether you're hosting a summer BBQ, relaxing by the pool, or enjoying the cozy interior, you’ll love every inch of this home. Don’t miss your chance to make this spectacular property yours!
Source: STELLAR #O6294141
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 #O6294141
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.