179 St Lucie Way, Groveland, FL 34736
3 beds · 2 baths · 1,610 sqft sqft
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!
Source: STELLAR #g5084266
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5084266
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: #g5084266
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.