25329 IRONWEDGE DR, Sorrento, FL 32776
Welcome to 25329 Ironwedge Drive, nestled in the highly desirable Fairways community of Mount Plymouth, just minutes from Sorrento, Mount Dora and Lake Mary. This beautifully maintained 4-bedroom, 2-bathroom home boasts over 2,000 sq. ft. of living space. The floor plan is spacious and offers a blend of privacy and functionality. Step inside to be welcomed by an open and airy living room, blended with the formal dining area. The formal dining area also serves as a great flex space, and can also function as a space for a home office. Past the front living and dining area, you are welcomed into the large kitchen, with expansive cabinet and counter space. The kitchen is complete with a large center island, and a breakfast nook. The kitchen also offers access into the 2 car garage. The kitchen is a favorite when it comes to this floor plan, because it overlooks the main living area, making it very conversational. The main living area features extended ceiling heights, giving it an open concept feel. This space also overlooks the private pool and oversized backyard, through the French doors that lead outside. The primary suite is on the right side of the home and features a large bedroom, along with an en-suite that is complete with dual vanity sinks, a tub, a shower, and a walk-in closet. The remaining guest bedrooms are on the left side of the home. 1 bedroom being near the kitchen, with the remaining 2 separated with their own hallway at the back left side of the home. These 2 rooms are perfectly positioned for children or guests, as it offers a full guest bathroom in between the rooms. The stand out feature of this home is the fully screened-in private pool, with a large covered lanai, and expansive pool deck. The pool features a waterfall with amazing custom lighting at night. Behind the pool is the oversized backyard that is fully fenced. This home is complete with a brand new roof installed in the summer of 2024! Low maintenance and peace of mind from the start! The Fairways is a golf cart friendly community with a low HOA. This home is the most incredible value, with a hard-to-beat location. With the Wekiva Parkway Extension, you can drive from Mount Plymouth to Lake Mary in less than 15 minutes. Mount Dora is also only 15 minutes away. With easy access to the 429, you are also able to reach destinations like Disney, the Airport (MCO) and downtown Orlando in less than 45 minutes. Don't miss the opportunity to make this functional and stunning property your new home. Call today to schedule a private tour.
You may be able to put down less than the total down payment amount of $155,273 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6241052
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.