1186 Singleton Cir, Groveland, FL 34736
3 beds · 2 baths · 1,728 sqft
Golfing is just one of the many attractions located right outside your neighborhood of Green Valley West. Enjoy being in the middle of everything with this 3 bedroom, 2 bath home, located just a "DRIVE" away from Green Valley Golf Course. The split bedrooms, two of them being on the front of the home and the main bedroom across the formal dining area with a bonus room that the seller created as an office. The floors are vinyl and carpet, newer paint job, sliding doors from the family room and main bedroom, leading out to the back lanai. The large kitchen area and translucent blocks brightens up your day that much more. Seller has replaced the Water Heater, Washer/Dryer and AC Unit less than a year ago, and let's not forget THE NEWER ROOF replacement in 2021.The enclosed lap pool area has the concrete decking around and a wood deck started around the outside screen area. The backyard Gazebo is waiting for your favorite lighting and furniture and the DIY smoker pit area just a step away grilling your favorite recipe. Looking for a home to make your own, add your personal love and expert touches to and create your favorite memories? This is it. Located just between Rural Roads and Lake Life, West of Orlando and East of Sumter County, you'll find the continually growing and farm to table community of Groveland Florida. A place to make roots, find new friends and to call home. If you aren't on a boat in one of the many surrounding lakes, walking one of the local historic downtowns, riding the bike trails crossing over three cities of nature and community, you could be dining, shopping or banking in one of the many local favorites; the choices area endless. Find out for yourself what makes this "The City with Natural Charm".
Source: STELLAR #G5094147
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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
Source: STELLAR #G5094147
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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 of Equal Opportunity Act.