202 Lake Victoria Ct, Englewood, FL 34223
2 beds · 2 baths · 1,961 sqft
Welcome to this beautiful home located in the gated community of Stillwater, where estate-size lots provide plenty of space for outdoor living, including room to add a pool. This bright, open floor plan features vaulted ceilings and a spacious living room that can easily accommodate family gatherings. A wall of glass sliders leads to the inviting lanai, offering peaceful pond views, ideal for relaxing or entertaining. The formal dining room comfortably seats up to 12 guests, with a nearby butler’s space for added convenience. The oversized office can double as a third bedroom, making this home adaptable for your needs. The chef in the family will love the expansive counter space and storage in the kitchen, along with the cozy breakfast nook to start the day right. The primary suite is a retreat, boasting a large walk-in closet and an en-suite bath with double vanities, a garden tub and a separate walk-in shower. Guests or family members will appreciate the oversized second bedroom and bath, which can be closed off to create a private en suite. The 3rd bedroom with armoire is versatile in use and can be used as an Home office. an Other notable features include a new roof, freshly painted interior and new stainless steel appliances. The oversized two-car garage offers ample storage space, accommodating two cars and a golf cart. Near Englewood Hospital, the Englewood Sports Complex where you can enjoy pickleball, the local YMCA and the area’s pristine beaches, this home offers comfort and convenience in a well-established neighborhood.
Source: STELLAR #n6134859
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #n6134859
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: #n6134859
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.