1065 Lake Francis Dr, Apopka, FL 32712
3 beds · 3 baths · 2,767 sqft
**Price Improvement** Welcome to your new home in the highly desirable Errol Estates! This captivating property greets you with a charming circular driveway and side-entry garage, leading into a spacious open floor plan. Inside, the grand family room features soaring ceilings, a striking stone fireplace, and ceramic tile, all bathed in natural light. The generously sized living area flows seamlessly into the updated kitchen2023, which boasts elegant granite countertops with a waterfall edge, a stylish subway tile backsplash, and stainless-steel appliances. Adjacent to the kitchen is one of two dining areas, which overlooks the large lot and green views — ensuring privacy! This home offers three bedrooms, each with its own walk-in closet, and 2.5 baths, including a recently remodeled bathroom with a walk-in shower, granite counter, and vessel sink. The primary bedroom features a separate dressing area with a linen closet for added storage. Additional features include a split-level bonus/sunroom, ideal for a breakfast nook, reading area, or wine enjoyment while taking in the views. The property also includes a separate laundry room with extra storage, a built-in wet bar, and a desk area. Recent upgrades include a new whole-house water softener and purifier system, with the roof and HVAC replaced in 2017 and the hot water heater in 2022. Outside, you'll enjoy added privacy with no rear neighbors. Conveniently located with easy access to SR 429, SR 414, Maitland, and Downtown Orlando, this home is also just a short 15-minute drive from Mt. Dora, known for its boutique shopping, restaurants, and renowned craft fairs. Don't miss this fantastic opportunity!
Source: STELLAR #o6238945
Source: STELLAR #o6238945
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: #o6238945
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.