2204 Napone Ln, Minneola, FL 34715
4 beds · 2 baths · 1,932 sqft
**This property qualifies for a closing cost credit up to $3,300 through the Seller’s preferred lender plus an additional $2,000 credit from the Sellers (housewarming gift on your new home!)** Don’t let appearances deceive you upon first look! Welcome to this spacious 4 bedroom, 2 bathroom split plan home located in the desirable community of Ardmore Reserve in Minneola. Upon entering the home, you are greeted with the formal living and dining room. A welcome space for holidays and special occasions! Off the dining room you’re brought into the primary bedroom with the ensuite featuring the double sink vanity, separate stand-up shower, and a soaking tub to enjoy relaxation and comfort without the expense of going to the spa. As you head back into the main living area, you’ll find the open concept kitchen and family room with vaulted ceilings, decorated in warm color tones to enjoy your everyday meals and gatherings. Features upgraded cabinets, granite countertops and stainless-steel appliances which includes a gas stove. Down the hallway you will find 3 additional bedrooms with another full bathroom. Step through the sliding glass doors onto the covered patio, also with the extended patio space, for those days you want to soak in the sun. Features a fully fenced in yard that is your blank canvas waiting to bring your dreams to life. Ardmore Reserve is a natural gas community that offers resort-style amenities, including a pool, splash pad, cabana, and playground. Close to top-rated schools. Convenient access to the FL Turnpike to Downtown Orlando and major theme parks. Just a short drive to Historic Downtown Clermont, known for its charming shops, restaurants, and entertainment. Why pay those additional costs and the wait months for what you want on a new build, when you can have it all already here in this home and in this established and desirable community. Schedule your private showing today!
Source: STELLAR #O6271521
Financials
Source: STELLAR #O6271521
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.