2581 Ponkan Summit Dr, Apopka, FL 32712
4 beds · 3 baths · 2,639 sqft
*HUGE PRICE IMPROVEMENT* -- Completely refreshed with new interior paint and refinished kitchen cabinets! BEST VALUE IN WEKIVA RUN! Remodeled with custom finishes throughout -- this 4 bedroom, 2.5 bathroom home on a massive 0.46 acre lot is tucked away in the highly-desirable gated community of Wekiva Run! Upon entering, you'll find the grand staircase and formal living and dining rooms with accent wall, leading to the family room and chef's kitchen. The remodeled kitchen features stainless steel appliances, granite counters, ample cabinet and pantry space, large prep island, and views of the private backyard. The family room is spacious and provides access to the backyard and downstairs half bathroom. All bedrooms are located upstairs, including the impressive primary suite, featuring new LVP flooring, double walk-in closets, plenty of natural light and large bathroom with separate vanities, tile-surround shower, and luxurious soaking tub. Additional bedrooms are spacious with large closets. Guest bathroom has been upgraded with dual-sink vanity, ceramic tile floors, and tile-surround shower. The second floor also boasts an inviting loft space, perfect for an office, secondary living room, or playroom. Escape to your private oasis with a beautifully sloped backyard, perfect for serene landscaping, cascading gardens or a tranquil retreat. Additional upgrades include: new LVP flooring, new baseboards, new roof (2021), new HVAC, new gutters, and new exterior paint. Wekiva Run is an established gated community with a huge park and playground area, conveniently located near major thoroughfares, retail, dining, and entertainment venues in the area. Schedule your private tour today!
Source: STELLAR #O6287512
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6287512
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.