2407 Ponkan Summit Dr, Apopka, FL 32712
5 beds · 4 baths · 2,827 sqft sqft
"FINAL PRICE REDUCTION before property is taken off the market at the end of the month. Send your highest and best offer now. Listing price is below market value." Motivated Seller!!! Welcome Home to Wekiva Run! This home is nestled inside a GATED COMMUNITY providing security and tranquility. The community is filled with lush landscaping and tree lined streets. This CORNER LOT home sits on OVER ONE - THIRD ACRE (.40) complete with a WOODED VIEW. The gorgeous property could be your forever home. This home boasts high ceilings, lots of natural light, and ceiling fans in all the bedrooms and the great room. Imagine waking up to a fresh pot of coffee outside on your covered screened in porch while you listen to the sounds of nature. The backyard is home to fruit bearing trees including lemon, papaya, banana and loquat. New irrigation system installed 2023. This beautiful home has 4 downstairs bedrooms and 3 downstairs bathrooms. The master suite has not one, but two walk in closets and hardwood floors. The master bath has two sinks, separate toilet stall for privacy, separate shower, and an oversized jet spa tub for relaxing. Upstairs is a MOTHER-IN-LAW-SUITE that could be used for guests, a caregiver, a loved one or even bring in extra income. Upstairs has a full bedroom, separate full bath, a living room for complete privacy from the downstairs occupants, and extra storage. The THREE CAR GARAGE provides plenty of space to park two vehicles and still have space for your toys. The long driveway provides ample extra parking so your guests will not have to park on the street. The property is completely FENCED IN for privacy and to ensure the safety of your pets and loved ones. The fence was installed in 2022. The beautiful kitchen has abundant cabinet space and a pantry, granite counter tops and includes stainless steel appliances. Complete with living room, dining room and bonus room, all with lighting fixtures. This home is move in ready to make your dreams come true! The property is peaceful, yet conveniently located near the 429 for easy access to Orlando or Sanford. Northwest Recreational Complex is minutes away, with weekly concerts at the amphitheater, walking trail around the lake, and plenty of fields and playgrounds. Appliances less than a year old. Water heater replaced May 2024. Recent roof inspection available upon request. Don’t miss this opportunity. Schedule a showing today!
Source: STELLAR #o6192736
Source: STELLAR #o6192736
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: #o6192736