1236 Water Willow Dr, Groveland, FL 34736
4 beds · 3 baths · 2,218 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your dream home in the Lake Douglas Preserve, where location meets luxury and comfort.This stunning 4-bedroom, 2-bathroom home offers not just space but a lifestyle of comfort and convenience. From the moment you step inside, you’ll be greeted by a bright and airy open floor plan, ideal for both everyday living and entertaining. The heart of the home, the kitchen, features sleek countertops, stainless steel appliances, and a large island perfect for casual dining or gathering with family and friends. While tax records list this property as a 4-bedroom, the owners chose to leave the 4th bedroom open, transforming it into a welcoming formal living space—perfect for relaxation. The primary suite is a peaceful haven, offering a spacious step-in shower, double vanity, and a generous walk-in closet for all your storage needs. Step outside to your spacious backyard, where the possibilities are endless—whether you're hosting summer barbecues, playing catch, or just enjoying the serene outdoors with loved ones. Located in the peaceful Lake Douglas Preserve community, you'll enjoy low annual HOA fees and quick access to all the essentials: South Lake High School, Publix, Walgreens, and a variety of dining options. Plus, with easy access to Clermont, major highways, and the Turnpike, commuting is a breeze. This home is full of extra perks, including a home warranty on appliances for peace of mind and the incredible benefit of being located in a USDA Loan Eligibility Zone, where you may qualify for 0% down financing. Built in 2017, this home blends modern design with the ease of move-in-ready living—all without the wait of new construction. Don't miss out on this rare opportunity to live in a home that perfectly balances style, comfort, and convenience. Call today to schedule your private tour and start making lasting memories in this one-of-a-kind property.
Source: STELLAR #O6260691
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6260691
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.