1400 Fair Oaks Pl, Fern Park, FL 32730
3 beds · 2 baths · 1,721 sqft
Welcome to the beautiful Lake of the Woods community. This lovely single story end unit home offers three bedrooms, two bathrooms, vaulted ceilings that include two solar tubes for more lighting and a 2 car garage. Upon entering the private, gated courtyard, you will find plenty of room to relax under the gazebo, cook out or play. This home offers a spacious great room and a split floor plan with the primary suite situated at the back of the home. Enjoy the convenience of indoor laundry with included washer and dryer. The kitchen has direct access to the courtyard through the sliding doors, perfect for transporting food for outdoor dining! Updates since 2020 include: HVAC replaced in 2021. All new Renewal by Anderson windows in 2022. brand new slide up window shades. New hot water heater. New driveway installed. The Lake of the Woods amenities include a beautiful pool to relax in overlooking the lake, basketball and tennis courts, There is a kiddie pool and playground to keep the little ones entertained as well. The clubhouse contains a fitness center, sauna, and activities room where you can play ping pong, check out movies or books and offers a variety of board games. There is also an expansive auditorium which provides a venue for community events and gatherings. Enjoy fishing? This community offers exclusive access to a fishing dock overlooking the enchanting Lake of the Woods. Come see what this home has to offer! One or more photos have been virtually staged.
Source: STELLAR #o6219165
Source: STELLAR #o6219165
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: #o6219165
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.