25628 Hawks Run Ln, Sorrento, FL 32776
4 beds · 3 baths · 3,191 sqft
Come enjoy the very best Central Florida has to offer! Relax on your expansive wrap-around Lanai with a view to a tropical garden often teaming with colorful birds and butterflies. RedTail, a highly desirable gated Golf Community with abundant amenities, recreational activities, and miles of walking and biking trails, readily fills-the-bill of today’s active lifestyles. Nestled among 100 yr. old oaks draped w/Spanish Moss, RedTail abounds in wildlife: Turkeys, Bald Eagles, Sandhill Cranes, & more. The spacious Clubhouse, deluxe Fitness Center with junior Olympic Community Pool, HardTru Tennis Courts, and Golf Course afford unparalleled opportunities for sporting pursuits, or simply taking a walk among this lovely natural setting relaxing with the children or family pet. This home with its marvelously equipped kitchen with an attractive backsplash and granite counter tops, stainless steel appliances, a center prep-island, and warm wood cabinets will delight your inner “celebrity chef” and is perfect for entertaining. An expansive combo kitchen/great room with a cozy wood burning fireplace provides plenty of space for entertaining, encouraging get-togethers with family & friends. The Primary Bedroom Suite features an attractive tray ceiling and its spacious en-suite bath offer a double vanity with dual sinks, a center piece jetted soaking tub, separate glass enclosed shower, and abundant walk-in closet space. High traffic areas feature durable and easy to maintain tile flooring. Just minutes from the quaint shops & dining of the charming village of Mt. Dora out to the west and the upscale restaurants and night life of Lake Mary to the east; now with the Wekiva Parkway outside the back gate, the Resorts, Downtown & the Int’l Airports are just minutes away.
Source: STELLAR #O6266214
Financials
Source: STELLAR #O6266214
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.