1783 HOLLOW GLEN DR, Middleburg, FL 32068
Welcome to your dream home! Nestled in a tranquil and highly sought-after neighborhood, this 4-bedroom, 2-bathroom & Office/Flex room gem offers 1,988 square feet of beautifully designed living space. The serene ambiance of this home is enhanced by a stunning pond view and a peaceful backyard that's perfect for relaxation or entertaining. Roof 2021. New solar panels will be paid off by seller at closing. Enjoy spacious living in this a bright & airy floor plan, with a dining area that flows seamlessly into the living spaces, making it perfect for family gatherings or entertaining guests. The additional office/flex room provides the versatility you need, whether it's a home office, playroom, or guest space. Unwind in the large master suite which offers both style and privacy featuring a custom hand-crafted barn doors and custom designed closets. Step outside to a fenced backyard that's your private oasis, complete with serene pond views and ample space for outdoor entertaining. Neighborhood amenities include a serene neighborhood with no through traffic and a beautiful outdoor pool for swimming and lounging in the plentiful Florida sunshine. Zoned for top rated Clay County schools, don't miss the opportunity to make this beautiful home yours. It's a perfect blend of comfort, style, and tranquility. Contact us today to schedule a private showing!
You may be able to put down less than the total down payment amount of $134,130 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: #2040573
Data provided is deemed reliable but is not guaranteed. The data relating to real estate for sale on this website comes in part from the Northeast Florida Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All Rights Reserved.