1769 STANDING ROCK CIR, Oakland, FL 34787
Check out this STUNNING TURN-KEY Bungalow Style home just off the WEST ORANGE TRAIL!!!! Located in the desirable community of OAKLAND TRAILS, is this meticulously maintained home. Offering 3 Bedrooms, 2.5 Baths and 2,216 SqFt of living space. Relax and enjoy the tranquil setting from the front porch or second story balcony. From the moment you step inside the foyer you are greeted by a spacious open floor plan, laminate flooring throughout the first floor, upgraded light fixtures, expansive window treatments, vaulted ceilings, surround sound speakers and impressive kitchen. Just off the foyer is the den/office with bench built in window seat. The half bath separates the kitchen and the office. The chef style kitchen boasts solid wood cabinets, expanded quartz counter tops with large island, tile back splash, stainless steel appliances, under and upper mounted lighting and closet pantry. The spacious dining/living room just off the kitchen offers sliding glass doors that look out onto the rear courtyard covered patio. Making your way to the second floor you are greeted with custom wood staircase. The second floor features an oversized primary suite with tray ceilings. Impressive master bath features quartz countertops, dual sinks, standalone glass shower and large walk-in closet with custom built ins. The upstairs utility room is located just off the master closet with access from the closet or hallway. Two additional bedrooms with walk in closets are just down the hall with a large second bathroom and access onto the second floor balcony. Rear entry garage with paver driveway offers additional parking. Just steps away from the front door is the community pool, playground, dog park, walking trail and plenty of sidewalks to enjoy the outdoors. Easy access to turnpike, highway 50 and just minutes to downtown Oakland, Winter Garden or Clermont. The West Orange Trail is a short walk or bike ride away. Enjoy the best of what West Orange County or South Lake County has to offer with Farmer’s Market’s weekly in Oakland, Winter Garden and Clermont plus shopping, restaurants, boat on the Clermont Chain of Lakes or Lake Apopka to the Dora Chain. Don’t miss this opportunity to live in one of the most sought-after places in Central Florida.
You may be able to put down less than the total down payment amount of $241,507 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: #o6240042