12815 Katherine Cir, Clermont, FL 34711
4 beds · 3 baths · 3,892 sqft
LARGE POOL HOME! Welcome to 12815 Katherine Cir, a beautiful, pool, home in the desirable Clermont community of Royal View Estates. This spacious 4 bedroom, 3 bathroom home combines living with eco-friendly features, including solar panels that help keep energy costs low and enough space for the ever growing family and with the screened in pool and exterior to entertain your friends. Step inside the double entry doors to an inviting floor plan, where you will enter the formal living and dining areas highlighted by volume ceilings. Just off of the updated kitchen, you will find the perfect room for family gatherings or entertaining guests at the wet bar. The considerable, spacious primary bedroom is a true retreat, featuring a generous walk-in closet and an expansive en-suite bathroom with luxurious finishes. Down the hall is located the largest of large offices, almost 500 sq ft, which you can also use as a media room or a home theater and a bedroom and bath, along with the massive laundry room. Located upstairs is a substantial loft area, with 2 more bedrooms and an upgraded bathroom. The home also offers a semi-finished basement, providing additional square footage for an in-law suite, exercise/recreation room or extra storage. The 2-car garage offers plenty of room for vehicles and gear, while the sizable yard offers endless possibilities for outdoor activities. Located very near shopping, dining, and major highways, this home offers the perfect balance of privacy and accessibility.
Source: STELLAR #G5094260
Financials
Source: STELLAR #G5094260
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.