1 of 60
$550,000

15813 Sweet Lemon Way, Winter Garden, FL 34787

3 beds · 3 baths · 2,119 sqft sqft

Such a cheerful home with a seriously cute street name! How could you be in a bad mood living in a bungalow on “Sweet Lemon Way” in the Highlands at Summerlake Groves?! So much in a name, with over 240 days of sunshine per year in our beautiful state! Thanks to Disney, that includes 365 nights of fireworks too! This community, located in the center of Horizon West, has convenient access to “A” rated schools, restaurants, shops and a never-ending schedule of things to do in and around your new HOME! Amenities include a gorgeous resort pool, tennis/pickleball courts, playground, dog park, bike trails and plenty of green space for picnics and afternoon walks. This quaint home has a covered porch perfect for your rocking chairs and a refreshing glass of lemonade :) Stone-wrapped craftsman-style columns with brick colored pavers add to the curb appeal! The downstairs is ALL living space with the sleeping quarters upstairs. Much like a vintage floor plan, maximizing the square footage and privacy! The kitchen has stone counter tops, plenty of storage cabinets and a large island. A small screened lanai offers a nice spot to relax outdoors overlooking the backyard and another way to access to the 2 car garage and driveway. The second floor opens up to a nice loft space, 3 bedrooms 2 bathrooms and laundry room. The primary suite has tray ceilings and an ensuite bath with double sinks, shower with bench and huge closet. The home has lots of windows and lightly colored finishings. A mix of luxury vinyl plank and tile means this home is move-in ready aside from personalization! This location is going to be PRIME once all the amazing projects come to fruition! Although this is in Winter Garden, you are situated between 2 amazing cities! Look up Clermont’s Olympus Project, it will blow your mind! Whether you choose to visit Historic Downtown Winter Garden or Clermont, you will find yourself surrounded by community with tons of things to enjoy! West Orange and South Lake County offer an easy commute to all of central Florida’s attractions, downtown Orlando & the international airport. Just a few miles from a local favorites! Enjoy the weekly Farmer’s Market on Saturday morning in Winter Garden and Sunday morning in Clermont! Both have monthly and seasonal celebrations year round! The West Orange Bike Trail runs through the middle of town w/ a splash pad, posh restaurants, specialty boutiques, coffee shoppes & more! Enjoy the historic architecture with brick streets and a true hometown feel! Be sure to visit The City of Winter Garden’s website to find out “Where Good Things Grow”, where you can stay up to date with all the news & events! A great the place to live, work & play for ALL ages!

Interest rate 3
2.81%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,233
With Roam
$1,909
Reduce your monthly payments by $675 when you assume this mortgage.
You also save $213,518 in total interest paid.

$274,807
Edit

You may be able to put down less than the total down payment amount of $274,807 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,119 sqft
Lot size
0.11 acres
Year built
2018
Type
Single Family Residence

Source: STELLAR #o6251649

Loan
Remaining term
26 years, 4 months
Rate
2.81%
Monthly P&I
$1,233
Remaining loan balance
$275,192

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 12, 2024 10:30 am
Listing agent: Autumn Makin (352) 455-0044
Listing provided courtesy of: LAKEFIELD REALTY GROUP LLC (407) 383-6497
Details provided by STELLAR and may not match the public record.
MLS ID: #o6251649
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,233/mo
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