16608 Caribbean Breeze Way, Clermont, FL 34714
4 beds · 3 baths · 2,072 sqft sqft
Price improvement, plus seller is offering 5k towards closing cost! Welcome to the gated community of High Grove! This 4-bedroom, 2.5-bath two-story pool home is nestled in a beautiful conservation setting and offers a resort-style living experience. Enter the home and be greeted by a spacious living area with freshly installed carpet upstairs in June 2024, creating a cozy and inviting ambiance. The kitchen features new appliances - dishwasher, stove, and microwave installed March of this year, making meal preparation a delight. The washer and dryer, updated in 2022, add convenience to your daily routine. Step outside to the extended lanai overlooking the conservation area, complete with a heated in-ground pool and hot tub - ideal for relaxation and outdoor entertainment. Residents can look forward to future enjoyment with the playground (coming soon) and can already take advantage of the clubhouse, fitness center, and community pool within the community. This home is equipped with new energy-efficient, double-paned windows installed in 2023, ensuring a serene and comfortable living environment. The HVAC system, updated in 2017, provides optimal climate control year-round. Whether you're looking for a primary residence, vacation home, or investment property, this home in High Grove offers versatility and luxury. Located close to theme parks, residents can easily access entertainment and attractions. Additionally, valet trash service and lawn maintenance included with HOA fees add to the convenience and carefree living experience of this property. Don't miss the opportunity to make this exceptional property your own. Schedule a showing today and discover the elegance and charm of High Grove living.
Source: STELLAR #o6219282
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6219282
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: #o6219282
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.