16633 CRYSTAL CV, Clermont, FL 34711
Nestled in the highly sought-after lake access community of Palisades, this stunning 3-bedroom, 2-bathroom home epitomizes idyllic living. Located on a peaceful cul-de-sac, the property boasts an oversized lot with a private backyard and screened in lanai surrounded by lush trees, offering a tranquil retreat for outdoor entertaining on the screened and covered lanai. Step inside to an inviting open floor plan that seamlessly blends comfort and elegance. The kitchen is a culinary dream, showcasing stainless steel appliances, 42” cabinets with crown molding, and an adjacent eating area perfect for casual dining. The spacious master suite features a luxurious bathroom with dual sinks, Corian countertops, a separate shower and tub, and a generous walk-in closet. Throughout the home, you’ll find beautiful engineered hardwood floors and upgraded ceiling fans, adding a touch of sophistication. Enjoy Palisades community amenities elevate your living experience with a lakefront park complete with a boat ramp, pier, and playground on picturesque Lake Minneola, offering access to the renowned Clermont chain of lakes. Residents also enjoy a community swimming pool, tennis court, pickleball courts, and basketball court ensuring endless recreation opportunities. This move-in-ready home eagerly awaits your personal touch. Make this charming residence your own and enjoy the best of Florida living.
You may be able to put down less than the total down payment amount of $191,672 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: #g5084706