2181 Cedar Springs Way, Clermont, FL 34715
6 beds · 5 baths · 4,714 sqft
Under contract-accepting backup offers. 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
Source: STELLAR #o6221761
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: #o6221761
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.