209 Sofia Ln, Lake Alfred, FL 33850
5 beds · 3 baths · 2,674 sqft
SOLAR PANELS TO BE PAID OFF BY SELLER AT CLOSJNG! ELECTRIC BILL AVERGAES ONLY $25 PER MONTH! HUGE FUTURE SAVINGS TO ANY BUYER! Discover the Charm and Convenience of the Hayden Model by DR Horton, Nestled in Eden Hills. This Two-Story Single-Family Home Blends Modern Comfort with Serene Living, Making it Perfect For Families, First-Time Buyers, or Anyone Seeking a Peaceful Retreat. The Hayden Model is Designed with an Open-Concept Floor Plan, Walk-In Pantry, Island Kitchen with Beautiful Pendant Lighting, Offering a Bright and Airy Living Room That’s Ideal for Entertaining or Relaxing. Carpeted Floors Throughout The Living Areas Provide Added Warmth and Comfort. First Floor Has One Bedroom and a Full Bathroom with Shower/Tub Combo. The Kitchen Features High-End Stainless Steel Appliances and Tile Flooring. It’s a Functional and Stylish Space for Preparing Meals and Gathering with Loved Ones. The Second Floor has an Expansive Primary Bedroom Offering a Private Sanctuary with a Walk-In Closet, Ceiling Fan and an En-Suite Bathroom Featuring Dual Vanities and a Shower. On the Second Floor, there are also Three Additional Bedrooms, One Additional Bathroom, a Loft and a Laundry Room with Side-By-Side Washer and Dryer! Equipped with SOLAR PANELS, This Home Offers Significant Energy Savings Off Your Electric Bill, Making it Both a Great Environmentally Friendly and Cost Savings Choice. The Space is Versatile and Ready for Your Personal Touches, Whether it’s a Garden, a Play Area or Future Enhancements. A Spacious Two-Car Garage Offers Plenty of Room for Parking And Storage. This Home is Ideally Situated Near Major Highways, Offering Easy Access to Local Attractions. Nearby Shopping, Dining and Recreational Opportunities Abound, Including The Beautiful Lakes That Lake Alfred is Known For.
Source: STELLAR #o6231747
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6231747
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: #o6231747
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.