1234 Lynwood Ave, Apopka, FL 32703
5 beds · 4 baths · 2,572 sqft
One or more photo(s) has been virtually staged. Welcome to this beautifully fully remodeled home, located at 1234 Lynwood Ave, Apopka. This charming property combines modern design with comfort, making it the perfect place to call home. PERFECT LOCATION WITH LAKE ACCESS. Every detail has been carefully updated to create a stylish and functional living space. The main home features 4 spacious bedrooms and 2.5 bathrooms with a well-maintained layout. It also includes an additional 1-bedroom, 1-bathroom apartment complete with its own kitchen and living room, offering the potential for rental income or guest accommodation. This stunning property offers access to 310-acre, spring-fed Bear Lake through a community lot, providing a perfect retreat for outdoor activities like boating and fishing. Ideal for Large Families! This 5-bedroom, 3.5-bathroom home is ideal for families seeking ample space in a sought-after, family-friendly neighborhood. The home is zoned for excellent schools and is designed to meet the needs of a growing family. It’s turnkey and move-in ready, with updates including a new roof (2019), new AC (2024), complete re-piping (2021), and fresh interior paint. The newly designed landscaping with a lush lawn enhances the curb appeal, making it even more inviting. Plus, the fenced backyard and screened-in lanai wish private outdoor oasis for relaxation and entertaining. Unique Features & Benefits: No HOA. Easy access to I-4, restaurants, and the Altamonte Shopping Mall. This home offers an exceptional opportunity for those looking for a modern, spacious residence in a prime location, with the added bonus of lake access and potential income from the second living quarters. DON’T MISS THE CHANCE TO OWN THIS BEAUTIFUL PROPERTY!!
Source: STELLAR #s5117169
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5117169
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: #s5117169
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.