2255 Tealwood Cir, Tavares, FL 32778
3 beds · 3 baths · 2,182 sqft
Welcome to this charming and meticulously maintained house, nestled on a spacious lot in a friendly neighborhood of Foxborough in the city of Tavares, FL. This turn-key gem offers an ideal blend of comfort and style, perfect for families, first-time buyers, or savvy investors. Recent updates include a new roof in 2024 ensuring peace of mind for years to come. The home boasts Luxury Vinyl and Tile flooring throughout. The living room offers a sophisticated setting for quiet moments or refined gatherings. Next to the living room is the office. The well-appointed kitchen features stainless steel appliances, dual pantries, ample counter, and cabinet space, and a cozy dining nook that makes meal prep a delight. The dinette offers sliders to the screened in porch and rear fenced yard. The primary bedroom is a true retreat. The en-suite bathroom is designed for relaxation, featuring walk in closets, a large soaker tub, and a separate shower. Also on the upper level are three additional generously sized bedrooms. Located just minutes from the Sea Plane Capital of Tavares, FL are local amenities, schools, and recreational facilities, this property offers the perfect balance of privacy and community. You are a short drive from the Historic town of Mount Dora, FL. Whether you’re seeking a family home or an investment opportunity, this house presents a fantastic chance to own a slice of Florida paradise at an attractive price point. Foxborough offers a shaded playground and sidewalks for leisurely strolls. Don’t miss out on this rare find in today’s competitive market! Schedule your showing today and prepare to fall in love with your new home in Tavares, a wonderful place to call home!
Source: STELLAR #g5088489
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5088489
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: #g5088489
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.