18550 Lake Emma Dr, Groveland, FL 34736
3 beds · 2 baths · 2,122 sqft
** LAKE ACCESS ** ASSUMABLE LOW INTEREST RATE MORTGAGE ** NO HOA ** Looking for the perfect place to live life on your own terms? Look no further: No HOA! Private neighborhood Boat Dock! Almost an acre of land - where you can park your boat and RV, and no-one will give you a hard time about it! This lovely, well-maintained 3 bed, 2 bath, 2 car garage, 2122 sq.ft. home offers all of this in a quiet setting, and at the same time is convenient to town when you need to be. Upon entering, you will enjoy an Open Floor Plan, with an oversized Family Room / Dining Room combo, a wood burning fireplace and vaulted ceilings: providing a great place to gather plenty of family and friends for the upcoming holidays! The kitchen has a bar that also opens to the Family Room, also open to the family room, creating great flow, so that everyone is connected and can visit easily. The kitchen offers stainless steel appliances, has a built-in over, and cooktop, and lovely French Doors that take you to your huge back patio, currently screened in, (but windows for closing it in are on-site.) Split Bedroom plan, with Oversized Primary Bedroom on one side with en-suite bathroom with separate tub and shower, and two more bedrooms on the other side with the second bath in between. Inside Laundry Room conveniently located in the large primary bedroom closet. Established, friendly, smaller neighborhood, where neighbors actually get to know one another, and are there when you need them. The hard-wired security system comes with the house, featuring 16 exterior view cameras that you can monitor from inside (see photos). There is also storage shed out back for lawn equipment, etc. Beautifully landscaped with lush lawn, oaks, palms, crepe myrtles and more, for that perfect Florida feel. Come see your forever home today, leave the HOA behind, and enjoy your property the way you should be able to.
Source: STELLAR #o6233223
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6233223
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: #o6233223
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.