3561 Somerset Cir, Kissimmee, FL 34746
4 beds · 3 baths · 2,775 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Stunning Lakefront Home with Private Dock in Bellalago Welcome to 3561 Somerset Circle, a breathtaking lakefront retreat in the resort-style, gated community of Bellalagoin Kissimmee, Florida. This 4-bedroom, 3-bath home spans 2,775 square feet, offering the perfect balance of luxury, comfort, and natural beauty. Step inside to soaring 11-foot ceilings in the living and dining areas, creating an open and airy feel. The main living areas feature updated laminate flooring, while the bedrooms and second-floor have been refreshed with new carpeting. The exterior has just been painted, ensuring a fresh and inviting look. The second-floor includes a private bath, making it ideal as the 4th bedroom, office, movie theater, or guest suite. This lakefront property features a private dock with direct access to Lake Tohopekaliga, a renowned destination for boating, fishing, and water activities. Across the water, enjoy peaceful views of a conservation area, where you can observe Florida’s diverse wildlife and bird species in their natural habitat. End your day with breathtaking sunsetsfrom your backyard, offering a serene and picturesque setting. Experience the best of resort-style living in this Mediterranean-inspired, gated community, set along over a mile of Lake Toho shoreline. Bellalago offers a secure, amenity-rich lifestyle with three sparkling pools, two fitness centers, scenic walking trails, a fishing pier, and on-site dining at Flip Flops restaurant. Sports and recreation enthusiasts will appreciate the variety of options, including pickleball, tennis, basketball, beach volleyball and a kids' water park. A dog park and picnic area make this community ideal for families, while boating enthusiasts will love the private boat lift and launch, providing seamless access to Lake Toho’s vast waters. Located just 21 miles south of Walt Disney World, Bellalago offers the perfect blend of tranquility and convenience. Don’t miss your chance to own this exceptional waterfront home—schedule your private showing today!
Source: STELLAR #O6295118
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 #O6295118
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.