17594 SE 95th Cir, Summerfield, FL 34491
2 beds · 2 baths · 1,884 sqft
Welcome to this Lovely Extended Palm Model 2 Bedroom 2 Bathroom, 2 Car Garage featuring 1884 SQ. FT. under Heat and Ac. Located in a 55plus Golfcart Community of Spruce Creek South in Summerfield FL, with legal access to cross 441 from the main gate offering to many amenities and choices. The HVAC is 2017 with a newer motor, The Water Heater is a 2021, Roof is a 2021, INSTALL OF ROOF MOUNTED PV SOLAR SYSTEM done in 2021, Designer Ceramic Tile Flooring 2023, Kitchen Faucet 2023, Both Commodes were changed to 19" high in 2024, Thermostat 2024, Garage Door Opener 2024, and The Irrigation System got a new control panel last year 2024. LOTS OF UPDATES THROUGHOUT... THE SOLAR PANELS AND THE ROOF WILL BE COMPLETELY PAID OFF AT CLOSING AT SELLER'S EXPENSE! Residential Lanai Under Heat and AC, Additional Florida Room. This community with so many appealing features is a great option for you! The solar panels will save you lots of money throughout the year. The Club House, The Golf Course, Pro-Shop, and Restaurant all offer convenience and enjoyment for residents. There are also additional amenities like the fitness center, heated pool, jacuzzi, club house gatherings, classes, shows... with many events offered throughout the year. Some Of the outdoor activities include: softball field, pickle ball, tennis, shuffleboard, all are great for staying active and social. You also have his and hers spa with showers for relaxation. It's also nice that there's no bond or CDD, making it more affordable. The access to Terrace Plaza with its restaurants, medical centers, and more is definitely a huge perk for residents who want everything within reach. The proximity to The Villages adds to the charm, just minutes away... The water softener system does not convey with the home. Have you been to the clubhouse yet, or checked out the fitness center or pool? If not, a tour might be a great way to explore all these amenities firsthand! If you're looking to experience Florida living, it sounds like this community offers plenty to keep you busy and connected!
Source: STELLAR #G5094565
Financials
Source: Public records
Source: STELLAR #G5094565
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.