126 Islabella Way, Groveland, FL 34736
4 beds · 3 baths · 2,000 sqft
Stunning LAKEFRONT DREAM HOME in Central Florida – Newly Priced and Move-In Ready! $5,000 CASH INCENTIVE to BUYERS / NEW ROOF / Bring Your Family, Boat, Kayak, or Water Ski to Your Move-in-Ready Lakefront Oasis! This beautiful 4-bedroom, 3-bathroom home has been thoughtfully upgraded with a brand-new roof and an enhanced HVAC Air Conditioning System, ensuring comfort and peace of mind. Plus, the seller is offering a generous $5,000 cash incentive, which the buyer can use to lower mortgage rates, reduce monthly payments, or cover closing costs. This modern Florida gem is a haven of luxury and comfort, perfect for grand entertaining and relaxation. With its breathtaking lake views, ample natural light, and spacious layout, every corner of this home invites you to unwind and enjoy. Inside, you’ll find four large bedrooms, three full bathrooms, and a spacious bonus room, offering plenty of room for family and guests alike. This property is located on a quiet cul-de-sac and provides privacy and tranquility north of Orlando. A short drive brings you to Disney, Universal Studios, top-notch dining, shopping, and world-famous beaches. This suburban retreat offers the peaceful charm of Central Florida and quick access to major highways, airports, and all the amenities of city living. Don’t miss your chance to own this exceptional Florida home! CALL US TODAY to schedule a PRIVATE TOUR or make an offer. Disclaimer: The information provided in this listing is intended for personal, non-commercial use by consumers and should only be used to identify properties for potential purchase. While the information in each listing is considered reliable, it is not guaranteed. Prospective buyers should verify the accuracy of all information from any source, including but not limited to square footage, room sizes, lot sizes, and descriptions, before purchasing the property. We are not responsible for any typographical errors, misprints, or misinformation.
Source: STELLAR #o6233494
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6233494
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 30-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: #o6233494
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.