1801 Summit Oak Cir, Minneola, FL 34715
3 beds · 2 baths · 1,785 sqft
Welcome to this beautiful pool home just 10 minutes from the turnpike entrance! This home offers an incredible location that combines convenience and privacy. With no rear neighbors and a white vinyl fence surrounding the property, you'll enjoy a peaceful and private oasis ideal for relaxation and entertainment. The solar-heated pool is under a screened-in cage, providing you with a lovely space to enjoy the Florida weather year-round. Plus, a 16-by-10-foot covered lanai is ideal for outdoor dining, barbecues and hosting family gatherings or parties with friends. Whether you’re lounging by the pool or enjoying a sunset, this outdoor space is an absolute gem. Step inside and discover a spacious family room that flows off the kitchen, creating an open and inviting atmosphere. The kitchen is a chef's dream, with an abundance of granite countertops and plenty of wood cabinets for all your storage needs. A breakfast bar offers a convenient space for informal dining, while the vaulted ceilings give the entire space a sense of openness and grandeur. Need an office or extra space? The den, behind French doors, is the ideal place for a quiet study or home office. The formal dining room can easily be converted into a flex room to suit your needs, whether you want a playroom, hobby space or additional living area. The large primary bedroom offers plenty of space to unwind, and the primary bath is a luxurious retreat with dual sinks, a soaking garden tub and a separate shower. It's the place to relax after a long day. This home sits on a huge rear yard, high atop a hill that captures plenty of cool breezes. The yard is a great place for outdoor activities, gardening, or just enjoying the peace and quiet. The community offers a low HOA, making it an affordable and attractive option for those looking for a peaceful neighborhood with minimal restrictions. This property is ideally near multiple Publix shopping centers, including the new one on Hancock in Minneola, offering you easy access to everyday conveniences. It’s also just 45 minutes to Orlando International Airport, Disney, and many other Orlando attractions and large malls, making it an ideal location for commuters and those who love to explore all that Central Florida has to offer. Don’t miss your chance to own this incredible home! With its fantastic layout, private pool area and unbeatable location, it’s the ideal place to call home.
Source: STELLAR #G5093208
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #G5093208
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.