1011 Johns Cove Ln, Oakland, FL 34787
4 beds · 3 baths · 2,579 sqft
Welcome to this amazing opportunity to own a wonderful home in the highly desirable Johns Cove community. This small, sought-after gated community on Johns Lake is ideally located off the Florida Turnpike, close to Old Winter Garden, the airport, and all the Attractions. The community has its own private boat ramp, providing access to Johns Lake which is renowned for fishing, boating, jet-skiing and paddle boarding. This is an exceptionally well-maintained custom home situated on a corner lot. The manicured front yard has a highly desirable curb appeal, and the back yard has ample room to build your own private pool. This home boasts a split floor plan and is freshly painted throughout. Upon entering into the foyer, you will be welcomed by a comfortable Living area with high ceilings and fan, plus decorative Crown Molding. The nook overlooks the backyard and opens into the Kitchen which has solid wood cabinets and like-new stainless-steel appliances. A dry bar leads to the Dining Room from the Kitchen. Sliding doors lead into the backyard from the Family area and benefit from a new, screened-in Lanai, with an oversized fenced-in and walled backyard. The Master Bedroom has ample room, with a large desirable custom-built closet. The Master Bathroom was recently upgraded with a walk-in shower which is wheelchair accessible, has dual sinks, and a toilet. Situated on the west side of the house are the remaining three bedrooms, all of which are spacious, have solid wood floors and have walk-in closets, which were all rebuilt in 2019. One of the three bedrooms is currently being used as a Study. The roof was replaced in 2015. This home will convey with an ADT Security System and 3 cameras. All the furniture will be conveyed except the box spring, mattress, 2-night stands, and TV located in Bedroom 4. Don’t miss out on this rare opportunity! schedule your viewing today.
Source: STELLAR #o6260124
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6260124
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: #o6260124
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.