1229 Saddleback Ridge Rd, Apopka, FL 32703
3 beds · 2 baths · 1,312 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Welcome to 1229 Saddleback Ridge Rd – a charming 3-bedroom, 2-bathroom home full of potential, perfectly located in the heart of Apopka! From the moment you walk in, you’ll appreciate the functional layout, natural light, and inviting atmosphere that make this house feel like home. The desirable first-floor master suite provides privacy and convenience, complete with ample closet space and an en-suite bathroom. Upstairs, you’ll find two additional bedrooms and a full bath – perfect for family, guests, or a dedicated home office. The main living area features high ceilings, a functional kitchen, and a cozy dining space that flows right out to the backyard! With two separate enclosed patios and a huge deck with built-in seating that overlooks Lake Hammer, this is hard to beat! Centrally located, this home is just minutes from everything Apopka has – from beautiful parks like Wekiwa Springs and the Northwest Recreation Complex, to shopping, dining, and top-rated schools. With easy access to major highways, commuting to Orlando or nearby areas is a breeze. Don’t miss your chance to turn this solid home into something spectacular!
Source: STELLAR #V4942213
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #V4942213
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 of Equal Opportunity Act.