1407 Retreat Cir, Clermont, FL 34714
3 beds · 3 baths · 1,503 sqft
One or more photo(s) has been virtually staged. Welcome to this charming townhouse tucked away at the end of a cul-de-sac, offering a private and peaceful setting in a sought-after community. Enjoy your own lovely covered front porch where you can watch the nightly fireworks from Walt Disney World Resort, a truly magical experience! Step inside to an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. Sliding glass doors off the living room open to your own private splash pool—perfect for relaxing and cooling off on warm Florida days. The kitchen is a cook’s delight showcasing granite counters, a breakfast bar, and sleek stainless steel appliances. Each of the bedrooms is spacious and includes its own ensuite bath for ultimate privacy and convenience. The primary bedroom, located upstairs, boasts a private balcony where you can soak in the amazing Florida sunshine. Your primary ensuite bath includes dual sinks and a tub/shower combination. Two additional bedrooms with attached baths are great for guest use. The community is packed with amenities, including a sparkling pool, clubhouse, and fitness center. Zoned for short-term rentals, this townhouse is perfect as a vacation home, rental property, or full-time residence. Located just minutes from Walt Disney World, Universal Studios, SeaWorld, and easy access to local shopping and dining, this home offers unbeatable convenience and a prime location for fun and relaxation. Whether you're looking for a full-time home or a vacation retreat, this townhouse is truly an ideal place for either! <iframe width="853" height="480" src="https://my.matterport.com/show/?m=r5yuZphyq7F" frameborder="0" allowfullscreen allow="autoplay; fullscreen; web-share; xr-spatial-tracking;"></iframe>
Source: STELLAR #O6275017
Financials
Source: STELLAR #O6275017
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.