163 Crepe Myrtle Dr, Groveland, FL 34736
3 beds · 3 baths · 2,316 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*PIRCE REDUCED**BES VALUE**Sought after RILOGY Resort lifestyle living in the prestigious guard-gated community, offering unparalleled amenities, including your own private club with a restaurant and bar **New Roof & A/C: Recent upgrades ensure peace of mind and energy efficiency**Welcoming Exterior: Charming covered front porch and private mailbox , lush landscaping, mature TREES, create an inviting curb appeal**Spacious Layout: Open-concept design with just the right amount of separation between living/dining and kitchen/gathering spaces**Updated Flooring: Modern flooring throughout, free of carpet, paired with upgraded light fixtures, fans, and 5¼-inch base molding**Chef’s Kitchen: Granite countertops with a decorative backsplash**High-end gas range, microwave, and French door refrigerator**Walk-in pantry with built-in shelves for organized storage**Luxurious Primary Suite: **Tray ceiling with recessed lighting and crown molding.**Ensuite bath featuring**Large walk-in shower with built-in bench and glass enclosure**Jetted soaking tub for ultimate relaxation.**Dual sinks, private commode, and TWO walk-in closets with built-ins.**Three Bedrooms + Den/Office: The versatile office can double as a 4th sleeping space**Bathrooms: A secondary bath with a shower/tub combo, double sinks, and a separate powder room.**Laundry Room: Includes a sink**Outdoor Living: Enjoy the screened lanai with brick pavers and a corner lot with open green space—no rear neighbors for added privacy**Garage: Oversized 2-car garage with ample storage and workspace potential**, voted the community of choice with a 57,000 sq. ft. exclusive private club owned by the residents with no debt!**Indoor/outdoor heated pools** Full Service Restaurant and Bar**Event Center for shows and parties** Artisan and Craft Studio** Emma’s Culinary Kitchen**Game and Poker Rooms**Athletic Center **Pickleball and Tennis Courts**Guard-gated entry, Dog Park, and Walking Trails <iframe width="560" height="315" src="https://www.youtube.com/embed/phmwpxUxt2c?si=OAOdkV9Lss4CdF6I" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
Source: STELLAR #G5091381
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5091381
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.