17551 TEMPLE ST, Montverde, FL 34756
Country home nestled in the quiet, historic town of Montverde, this charming 3-bedroom, 2-bath home offers a perfect blend of modern convenience and timeless appeal. A unique highlight is the versatile office/den situated just off the master bedroom, ideal for remote work or a cozy retreat. It could also be used for a baby's nursery. The exterior boasts a spacious .44-acre yard, perfect for outdoor activities and gardening enthusiasts or a great place to store your boat or RV. There are also two well-sized storage sheds (12x14 and 10x12), both equipped with electricity, provide ample space for tools, hobbies, and storage needs. The oversized 2-car carport ensures plenty of parking space for you and your guests. Recent upgrades include the replacement of the front deck, the side deck and their steps in 2023 and both sets of rear deck stairs in 2024, ensuring safety and a fresh look. Will have NEW ROOF in October 2024, NEW A/C UNIT was updated in 2022, offering efficient cooling throughout the home. In June 2024, the exterior siding received a thorough pressure wash, and the trim, awnings, shutters, and all three decks were freshly painted, giving the home a crisp and clean appearance. Located just a few hundred feet from the scenic bike trail or the public boat ramp to Lake Apopka, this home offers easy access to outdoor adventures. It’s also conveniently close to the town park, library, post office, and playground. Enjoy a leisurely stroll to nearby restaurants and the local ice cream shop, enhancing the small-town charm. All while being a short commute away from Orlando and the theme parks. Currently on septic and public water, the home benefits from the Town of Montverde’s offer of optional free sewer connections once their new plant is operational, providing future convenience and potential savings. The seller is a licensed real estate broker. Don’t miss the opportunity to view this delightful home in Montverde. Schedule your visit today and experience the perfect blend of history and quiet country living!
You may be able to put down less than the total down payment amount of $169,473 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: #o6218001
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.