5005 Mill Stream Rd Ocoee, FL 34761
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About this home
Welcome to the community of Sawmill. This move-in ready home will not disappoint. The home's landscaping has been meticulously cared for by the owners. The home welcomes you with an open floorplan, large master suite, updated kitchen and screened porch. The large kitchen has a breakfast bar, closet pantry and newer appliances. The sliding doors open to a screened porch, open air patio and a wonderful backyard ready for you to enjoy. The community features easy access to major throughfares SR 429, 408, 441, SR 50. Only 3.2 miles to the Jim Beech Recreation Center, 4.7 miles to Ocoee Action Sports Park and you will find the West Orange Trail less than 4 miles away. New roof shingles in 2023, new kitchen counters installed in 2024, the home was replumed in 2025 and the septic system was serviced in 2023.
Source: STELLAR #O6353530
Loan details
Neighborhood
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.