1216 LOBELIA DR, Lake Mary, FL 32746
One or more photo(s) has been virtually staged. Immerse yourself in the vibrant Fountain Parke community at Lake Mary, with this charming townhome offering 4 bedrooms, 3.5 baths and a 2-car garage. You will love all the amenities this county club style community has including guard-gated security, tennis and pickleball courts, spa, resort-style pool, fitness center, club house, putting green and dog park. These townhomes are giving Florida style brownstone vibes with three story living, beautifully landscaped entryways and tons of walking paths throughout the community. Upon entering the foyer, you can choose to go downstairs where you’ll find a large bedroom and en-suite bathroom, or head upstairs to the main living area on the second floor. The main level offers a spacious living room and great entertaining kitchen with stainless steel appliances, granite countertops and large kitchen island that overlooks the dining and flex space area. The main level has an abundance of windows which allows tons of natural light to fill the space. The upper floors feature the primary bedroom which includes dual vanities, soaking tub, walk in shower and walk in closet. Along the hallway you’ll find a laundry room and two additional guest rooms and spacious bathroom. Enjoy shopping and dining at Colonial Town Park, unwind at Greenwood Park or get friends together for a night out at Top Golf. This location truly has something for everyone. Conveniently located near I-4 and the 417, it’s easy to hop downtown or to the beaches. The Fountain Parke HOA handles most everything exterior insurance, termite bonds, water, sewer, exterior pest control, landscaping, painting, irrigation and maintenance of the roof!! Schedule your showing today and elevate your lifestyle!
You may be able to put down less than the total down payment amount of $161,749 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6238433
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.