179 ST LUCIE WAY, Groveland, FL 34736
Welcome to your dream home in the Preserve at Sunrise! This beautiful 3-bedroom, 2-bathroom house with a 2-car garage built in 2019 with a FHA assumable mortgage at 3.5 interest rate. This beauty has everything you need for comfortable and stylish living. An elegant driveway with pavers sets the stage for this charming home. Inside, you'll find a spacious and flexible layout featuring a flex room that can be used as a small office or for many other purposes. The home boasts 9.4ft high ceilings and 8-foot doors throughout, creating an open and airy feel. Enjoy seamless indoor-outdoor living with 4-panel patio sliding doors that open to a lovely paver patio, perfect for entertaining. The large kitchen is a chef's delight, featuring granite countertops, 42-inch cabinets with crown molding, a butler counter with extra cabinets, a large island that seats four with pendant light prewire, and all appliances included. Stylish finishes such as tile flooring throughout the home (except in the cozy bedrooms) and 5 1/4-inch baseboards add a touch of elegance to the open concept design. Preserve at Sunrise offers a wealth of amenities for residents, including a community pool, multiple playgrounds and cabanas, barbecue, a covered fishing pier with cabana overlooking the lake. These amenities provide ample opportunities for family fun and relaxation. Located just minutes from downtown Groveland, you’ll have easy access to shopping, restaurants, farmers markets, car shows, fireworks, food trucks, and more. The community is centrally located on Villa City with quick access to Hwy 50, US 27, and the Turnpike. Don’t miss the chance to make this stunning house your new home. Contact us today to schedule a viewing!
You may be able to put down less than the total down payment amount of $140,021 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: #g5084266