1107 Lantana Dr, Eustis, FL 32726
3 beds · 2 baths · 1,521 sqft
Come See for Yourself how Low the Utility bills are!! The Solar will be PAID OFF at closing and the electric bill currently ranges from $40 to $50 per month.. Very Affordable! This home is Move-in Ready! Located not too far from Downtown Eustis on a Corner lot and in a quiet neighborhood. The home features 1521 square feet with 3 bedrooms, 2 full bathrooms and a 2-car garage. There is a gas fireplace for your enjoyment when it does cool down here in Florida. The home has been updated throughout the years to include interior and exterior paint, roof in 2018, solar in 2023, stone patio and the yard has been landscaped and well-kept with a few fruit trees. The home offers tile flooring and engineered wood flooring throughout. The Kitchen offers lots of cabinet space, beautiful countertops and all the appliances stay to include a gas stove. The Primary bedroom has an en-suite bathroom, engineered wood flooring, ceiling fan and lots of natural lighting. The en suite primary bathroom has a pedestal sink and a stand-up tiled shower. The 2nd bedroom offers engineered wood floors, ceiling fan and a sizeable built-in closet. The guest bathroom offers a pedestal sink and also a walk-in tiled shower. The 3rd bedroom is located as you enter the home but can easily be used as a 3rd bedroom or an office space, you choose. The French doors from the living room lead you out to the screened lanai for relaxing with a cup of coffee in the morning or a glass of wine in the evenings. The backyard is fully fenced with a lovely stone patio for sitting with family and friends or while you are grilling getting ready for the big game to come on. This home is ready for its next new family to enjoy! Call Today for a Private Tour. You will not regret it! All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent. Be sure not to miss the Virtual Tour!
Source: STELLAR #g5084895
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5084895
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: #g5084895
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.