16602 CITRUS PKWY, Clermont, FL 34714
Excellent Opportunity to own in the coveted community of Citrus Highlands Phase 1 featuring single family 50’ft RV CARPORT HOMES. This is a GREAT RV CARPORT HOME & community. Once you step in the covered entry porch and into this inviting spacious open floor plan greeted with high ceilings, recessed lighting and luxury waterproof vinyl flooring featured through entire home. A modern farmhouse ambience kitchen features white-cabinets on matte-black hardware and faucet fixtures. Kitchen also displays plenty of counter space with QUARTZ stone countertops that extend to bar countertops for additional sitting space and pendant lights to complete the space providing adequate lightning. All stainless steel appliances are included. The open dining chandelier complements the living space and ceiling fans which is also featured in main bedroom. Newer roof installed 2023, tankless water heater, cleaned gutters, fresh interior and exterior painting provides home is well maintained and MOVE IN READY. Laundry closet space includes washer, dryer and shelves. Sliding glass doors lead to covered lanai and landscaping. The RV PORT is perfect as is or ready for your own customization of side wall fencing enclosure or smart screens the possibilities are endless and should be verified and approved with associations architectural review board. CITRUS HIGHLANDS PHASE1 is GOLF CART FRIENDLY and A PRESTIGE COMMUNITY of RESIDENTIAL HOMES with unique features of 50’ft RV/BOAT CARPORT & with enhanced community features including POOL & CLUBHOUSE PAVILION! This coveted community is PRIME LOCATION with LOW HOA and only minutes from Walt Disney World, Lakeridge Winery, Southern Hill Farms, Dining, Shopping and resorts are all in proximity. Schedule your showing before it’s gone.
You may be able to put down less than the total down payment amount of $62,703 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6198069