111 E 3rd Ct, Chuluota, FL 32766
3 beds · 2 baths · 1,080 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your charming home in Chuluota, Florida! Nestled in the heart of Central Florida, Chuluota offers the perfect blend of country living with the convenience of being close to everything. Known for its rural charm and family-friendly atmosphere, this quaint town boasts top-rated Seminole County schools and endless outdoor activities. Whether you're a first-time homebuyer or looking for a peaceful retreat, this home is ideal for anyone wanting to experience the best of both worlds. Plus NO HOA! This updated home is situated on over a quarter of an acre on a quiet dead-end street. It features three bedrooms and 1.5 baths. As you step inside, you are immediately invited into a beautifully refreshed interior featuring laminate wood flooring throughout and 8-inch baseboards that add a modern touch. The main living and dining area creates an open, airy atmosphere, offering you flexibility in how to use the space – whether for family gatherings or quiet evenings at home. The kitchen offers, stainless steel appliances, new stunning quartz countertops, and a stylish backsplash. A window over the sink provides a view of the large yard, making kitchen chores a little more enjoyable. The full bathroom has been updated with white subway tile surrounding the tub and shower, as well as a new vanity. The seller's added the washer/dryer to the half bath, which eliminates the need to go outside for laundry. The family room is bright and inviting, with easy access to both the carport and the expansive backyard. The front and backyard are fully fenced, providing outdoor space perfect for family fun, pets, or relaxing on the weekends. The large backyard has endless possibilities, whether you’re dreaming of adding a pool, a fire pit, or a beautiful garden. For outdoor entertaining, you’ll love the covered patio (16x10) and the concrete pad, ideal for BBQs and gatherings with friends and family. The attached 8x6 storage shed offers plenty of space for tools, bikes, or anything else you need to store. Parking will never be an issue with the carport and long driveway, providing ample space for guests and your vehicles. The home has been well-maintained with several recent updates, including a new roof in 2023, HVAC in 2017 with a Nest thermostat, and energy-efficient double-pane windows throughout. The home was also replumbed in 2017 for added peace of mind. Conveniently located to the Oviedo on the Park, Waterford Lakes Town Center, and the University of Central Florida, you’ll have quick access to shopping, dining, and entertainment. For those who love the outdoors, the area offers a wealth of recreational options, including walking trails, canoe launches at Little Big Econ, and Lake Mills Park – a perfect spot for kayaking, fishing, picnicking, playgound, bird watching, camping, and relaxing by the shore of Lake Mills, are just some of the outdoor activities you can enjoy in this beautiful community. Chuluota truly has something for everyone, making it a wonderful place to call home. Don't miss out on this fantastic opportunity – schedule your showing today!
Source: STELLAR #O6297140
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6297140
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.