17769 SE 107TH CT, Summerfield, FL 34491
* You don't want to miss this one. One of a kind. And now a $10000 price improvement. This beautiful Chestnut 2 bedroom, 2-bathroom plus a den/office home is one that can not be passed up. The home homeowner was a master carpenter and has completed a lot of inside upgrades that make this home feel so cozy but open and beautiful, welcoming to all that enter. There is lots of room to entertain, inside as well as on the enclosed Lanai. Right out of the dining room, walk through French door that have in-between glass blinds, so no more dusting. Then step into the sunny Lanai and look out at the beautiful landscape and open green space that surrounds the entire area. Lots of green space (especially in the front-No homes) does not describe the openness of the area around this home. This home has a 2-car garage plus a Golf cart garage with a driveway around to the back to enter. You walk into an open living room and see that there is a bar where your guest can sit and also that partially separates the kitchen. There's a small area to put a breakfast table for coffee for two. The Dining room has an upgrade chandelier and room for a nice size dining table. The main bedroom has quite a surprise as it has a bonus room included with it. This room can be used for many things. You could use it for an office, exercise room, craft room or library. Both bedrooms are large enough to accommodate king size beds, (buyer/Agent should measure to ensure exact room sizes). Other features and upgrades, Split floor plan, Crown molding, new light fixtures, new ceiling fans, cased in windows, new HVAC, new water heater, new electrical switches, UV light system in HVAC, new bathroom fixtures all of this and of course as I stated unbelievable views from the front and back of all the green space.
You may be able to put down less than the total down payment amount of $53,022 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: #g5080768