426 Fern Lake Dr, Orlando, FL 32825
4 beds · 2 baths · 2,032 sqft
Enjoy breathtaking LAKE VIEWS throughout this beautiful 4-bedroom, 2-bathroom home, offering a private oasis with a front-row seat to nature’s beauty. Thoughtfully upgraded, the home features a NEW ROOF (2023) and an energy-efficient hybrid water heater (2022), providing both comfort and peace of mind. The kitchen is a chef’s delight with soft-close cabinets (2020), sleek stainless steel appliances, and a cozy breakfast bar. Step through the sliding glass doors in the kitchen and immerse yourself in the serene views of the lake, creating the perfect backdrop for morning coffee or evening sunsets. With two separate family rooms, you’ll enjoy the perfect blend of an open floor plan—ideal for entertaining—and the privacy of a formal living room for quieter moments. The spacious primary suite offers tranquil lake views, a large walk-in closet, dual vanities, a tub, and a standing shower. Located in the warm and welcoming community of Woodland Lakes, residents can enjoy a large community pool, hot tub, and playground. The home is just a few miles from Waterford Lakes Town Center, offering endless shopping, dining, and entertainment options. With quick access to major roads like the East-West Expressway (SR 408), Beachline Expressway (SR 528), and Greeneway (SR 417), this property is as convenient as it is serene. It’s the ultimate escape, combining comfort, style, and serene lakefront living! <div style="padding:56.25% 0 0 0;position:relative;"><iframe src="https://my.matterport.com/show/?m=udFBB4YWG62&mls=1" frameborder="0" allow="autoplay; fullscreen" allowfullscreen style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div>
Source: STELLAR #o6258935
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6258935
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #o6258935
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.