16707 Broadford Ln, Clermont, FL 34714
4 beds · 3 baths · 2,211 sqft
Pond Front Home with No Rear Neighbors – 4-Bedroom in Citrus Highlands! Enjoy peaceful pond views and ultimate privacy at 16707 Broadford Drive in Clermont, FL. This lovingly cared for extremely well-maintained 4-bedroom, 2.5-bathroom 2,211 sq. ft. home is located in the golf cart-friendly and quiet community of Citrus Highlands. The large open kitchen/living layout has been upgraded with granite countertops and a new refrigerator, and stove. It provides the perfect place for sharing family time while preparing meals or even an ideal space for entertaining! Step outside the new and upgraded sliding glass doors where you will find a covered and screened lanai with a great water view perfect again for entertaining or unwinding after a long day! Upstairs, the spacious owner's suite includes a private ensuite bath while three additional bedrooms provide ample space for guests, a home office, family use or second den area….plenty of room for multigenerational living! For added convenience, the laundry room is upstairs where all the bedrooms are located. There is no loss of storage in this home, with ample closet space throughout, 2 spacious pantries, a garage with built in shelves and a custom-built outdoor shed (2022). The owners gave great thought in the upgrades they did including an extended driveway allowing for more room when parking. When you see this home, you will note how well-maintainted and loved this home was. Additional updates not mentioned above include a new roof (2022) and fresh exterior paint (2022). Located in a quiet, no short-term rental community with low HOA fees, this home is just minutes from Publix, major roads and highways including I-4 and 429 and top attractions like Disney as well as an easy drive to area beaches. This is the perfect place for a second home, investment property or for owner occupants. Don’t miss this opportunity to own this lovingly maintained pond-front home with no rear neighbors—schedule your showing today!
Source: STELLAR #G5093478
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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
Source: STELLAR #G5093478
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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 of Equal Opportunity Act.