16205 Mead St, Clermont, FL 34714
3 beds · 3 baths · 2,346 sqft sqft
Come see this beautiful home with TONS of upgrades near Disney!! 3 BEDROOMS and a DEN (or use as 4th bedroom or office) with a SWIM SPA!! You can cool down in cold water on the hot days or relax in the hot spa on the cooler days from your rear, pavered and screened lanai overlooking a pond. There will never be neighbors in the backyard or on the right side as there is a pond in back and permanent conservation on the right side. UPGRADES include: new roof, new gutters with leaf guards, landscaped and completely fenced yard, screened front entrance way, pavers all over, shed, new water heater, whole house water softener, new garbage disposal, new faucets, new toilets, new dishwasher, new washer, and new dryer. It also features an upgraded gourmet kitchen with double oven, Diagonal tile (cleaned and re-grouted throughout most of the house), wood floors in the bedrooms and closets, custom made picture framed window treatments/blinds throughout the home, along with crown molding and tray ceilings. The GARAGE would be the ideal MAN/WOMAN CAVE as it has a full screened entry, a mini split air conditioner/heater, new epoxy flooring, and a new garage door opener. Reclaimed water is used for the irrigation system. MUST SEE THIS HOME TO APPRECIATE THE BEAUTY!
Source: STELLAR #o6221187
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6221187
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 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: #o6221187
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.