2181 Cedar Springs Way, Clermont, FL 34715
6 beds · 5 baths · 4,714 sqft sqft
This nearly new 6-bedroom home sits on a coveted CORNER LOT in desirable Highland Ranch. The two-level, 4700+ sqft floorplan offers plenty of bonus living space, too – so everyone has room to spread out. Inside the front door, you’ll find soaring ceilings, wood-look tile floors, a neutral color palette and natural light pouring in from every direction. Just off the foyer, there’s a formal dining room and an isolated home office with French doors. The timeless & massive kitchen anchors the rear of the floorplan and features a dining nook, stainless appliances, quartz countertops, TWO islands, and breakfast-bar seating that overlooks the great room. A few steps away, you can entertain all year round on the expansive screened-in lanai, which feels like another living room. Lots of possibilities for this huge fenced-in corner lot – it’s ready for your playscape, garden, firepit and more. The main-floor primary bedroom boasts a spa-like ensuite with a walk-in closet, a W/C, dual vanities (so much storage), a soaking tub & separate shower with a rainfall showerhead. Head upstairs to find a BONUS media room and a versatile loft area that could be a playroom, teen hangout or homeschool headquarters. Four of the five guest bedrooms on this level include walk-in closets, with two bedrooms connected through a clever Jack & Jill bathroom. The other guest rooms share the hallway bathroom, which has a separate shower/toilet room. Back on the main level, the floorplan also fits in a full laundry/mudroom and an oversized 3-car garage . Highland Ranch is a growing community nestled between Lake Apopka, Lake Minnehaha & Lake Minneola. Residents here enjoy amenities like a community pool/spa, a splash pad, sports courts (basketball/volleyball/pickleball), picnic/fire pit areas and two dog parks. You can bike the popular South Lake Trail to enjoy the lakefront and historic downtown Clermont in less than 20 mins. All the shopping & dining at Hills Crossing is just 5 mins from your front door, and you can jump on the Turnpike in no time at all, too.
Source: STELLAR #o6221761
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6221761
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6221761