17522 SE 95th Cir, Summerfield, FL 34491
2 beds · 2 baths · 1,884 sqft
Spruce Creek South, 55+ Gated Golf Course Community just 2 miles north of The Villages. This 2/2/2 PALM III is the expanded Palm model with features 1, 878 sf of living space. From the tiled floor front porch, enter the open living, dining area, volume ceilings with knockdown finish, elegant crown molding and chair rail. The kitchen is perfect for those who love to cook and entertain, open countertop to the dining room and just the right amount of counter and cupboard space. At the opposite end of the kitchen is a separate dining area and beyond that space is the laundry room with closet storage and and access to the oversized garage which sports 24' depth for longer vehicles. This split bedroom home offers 2 bedrooms, both with walk in closets. The primary bedroom has an ensuite bath, with walk in shower, toilet and linen closet separate from vanity area and walk in closet. French doors open to the Florida room with flooring from the dining room and overlooks a very private fenced rear yard. There is also a pass through window from the kitchen to the Florida room. Just beyond the Florida room is a screened room with elite roofing. The guest bedroom has easy access to the guest bath and offers privacy. This home was built in 2003, the roof was replaced in 2022.. The driveway sports a designer finish with a matching finish on the paved walk way that goes from the drive way to the rear screened lanai door and is covered by roof overhang. This home is also wired for a whole house generator (propane and generator not included). The Community Center, exercise facilities, saunas, dance and exercise classes, social activities, billiards, library are nearby. Access to shopping, physicians, pharmacies, and restaurants! Roof 2022 HVAC 2015. Kitchen Counters: 2024. Hot water tank: 2022. Refrigerator: 2023. Stove: 2024. Inside re-painted in 2022.
Source: STELLAR #w7869161
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7869161
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: #w7869161
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