16475 Blooming Cherry Dr, Groveland, FL 34736
4 beds · 2 baths · 1,825 sqft
Under contract-accepting backup offers. HUGE PRICE IMPROVEMENT!! Looking for the perfect single family with no rear neighbors in one of the best new communities in Groveland? Look no further! This meticulously maintained 2019 home in the sought after neighborhood of Cherry Lake Landing has brand new LVP flooring and decorative touches that is sure to please! This property invites you in from the moment you step into the front porch! The mature landscaping and oversized .22 acre lot gives this home room and privacy between neighbors, which is rare for newer construction. The charming front porch is screened in and cozy. As you step inside onto the NEW luxury vinyl plank floors you are met with tons of natural light. This triple split plan home has room for everyone to have their own space. The open floorplan creates great flow from the kitchen, dining, and living room. The kitchen boasts granite counters, a large island with cultured stone accents, dark mahogany cabinetry, stainless steel appliances and a generous walk-in pantry. The expansive primary bedroom is a retreat with a private bath and spacious walk in closet. Enjoying nights and weekends in the backyard are easy with the screened in lanai that has been updated with decorative tile and fenced backyard. Adjacent to the porch is an additional paved patio area perfect for entertaining, grilling or BOTH! Truly one of the best features of this home awaits out back ... gorgeous views of the conservation area with NO REAR NEIGHBORS! Who needs to wait for new construction, with this beauty available to you. This home has been meticulously cared for and is turn key and ready for you to enjoy all that central Florida living has to offer. The community is nestled around tree farms and orange groves yet is close to the turnpike and SR 50 for easy access to shopping, dining, and attractions. New to the neighborhood is a dock with canal access exclusively for homeowners and guests. Come see all this home offers and why you should make it yours before it says SOLD!
Source: STELLAR #g5085489
Source: STELLAR #g5085489
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: #g5085489
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.