1089 Bluegrass Dr, Groveland, FL 34736
3 beds · 2 baths · 1,694 sqft
ASSUMABLE MORTGAGE at 2020 rates PLUS PRICE IMPROVEMENT. MOTIVATED SELLER OFFERING UP TO $7500 TOWARDS CLOSING AND PREPAIDS IF UNDER CONTRACT BY NOV 30. With an OPEN FLOOR PLAN and situated in the heart of extremely popular Groveland, you'll want to come see this one in person. Featuring a LARGE OPEN KITCHEN, the split floorplan provides privacy for each side and a central great room area with loads of space. The master bedroom suite comes with a walk-in closet and the bath with separate vanities, a GARDEN TUB and loads of light. A dedicated laundry room with easy access to all of the bedrooms, it also keeps the noise of the laundry appliances to a minimum. The rear of the home looks out over a CONSERVATION AREA so you get a view of whatever wildlife passes by instead of rear neighbors. With all of that peace and quiet, the location is the essence of convenience being only 8 minutes from the Florida Turnpike and US Hwy 27 and less that that to Hwy 50. Grocery and retail and local schools are also only minutes away. Book your showing today, you'll be very glad you did.
Source: STELLAR #o6242551
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6242551
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: #o6242551
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.