17742 SE 106th Ter, Summerfield, FL 34491
2 beds · 2 baths · 1,336 sqft sqft
THE BEST PRICED HOME IN SPRUCE CREEK SOUTH!! The seller will replace roof before closing with accepted offer! Hurry up and take a look before it's gone. Upon arriving you notice the home is located at a very private culdesac with no homes on the left or across the street, only huge open spaces that give the feeling of being in the country. You can expect lazy mornings on your front porch sipping coffee and enjoying the peace and quiet. The back and side yards are substantial in size and contribute to the privacy you will enjoy. When you enter you will first notice the spacious living and dining areas with beautiful wood-like laminate flooring. Split bedrooms offer privacy to family and guests alike. The primary bedroom has a walk in closet and step in shower. There is a sizable hall closet for linens or other storage. In the kitchen you will find a place for a modest table and chairs but there is plenty of room for a good sized dining table just across from the kitchen. You will be surprised to find a large ‘extra room’ with a pass-through to the kitchen that could have numerous possibilities such as a family/entertainment room, or even a craft or exercise room. The two car garage has a pull down attic space and loads of storage cabinets lining two walls. There is also a laundry tub for those messy times. The garage is screened so you can work with the door open. In the back there is a small vinyl enclosed porch and an extra room for tools or hobbies or even just for more storage. Spruce Creek South has an impressive list of amenities: a 100,000 gallon outdoor heated pool and a hot tub, a 25,000 sq foot ballroom with a stage, a commercial kitchen for large events, a library, a billiards room, a craft room, a cards room, a fitness room with men’s and women’s shower and sauna, a nature area with trails, 2 RV storage lots (cost extra), lighted sand volleyball court, shuffleboard, horse shoes, Bauchi ball, 2 tennis courts and 6 pickle ball courts. Oh and don’t forget the softball field with men’s and women’s competitive teams and an airgun club room! Spruce Creek is a golf course community (with separate fees) and a restaurant and pro shop.
Source: STELLAR #g5083444
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5083444
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: #g5083444
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.