2586 Glacier Express Ln, Tavares, FL 32778
5 beds · 3 baths · 2,696 sqft sqft
Back on the market! Buyer financing failed to close. This home is a great price for the next owner! Make it yours before it's gone! This two-story, solid concrete block construction on both levels, five-bedroom, three-full-bath sanctuary boasts nearly 2700 ft.² of living space with no rear neighbors. The recently renovated kitchen is a culinary delight, featuring top-of-the-line Samsung appliances, luxury tile backsplash, upgraded gold finish hardware on cabinetry, new large tub sink with gold finish faucet elevating the space, while the stylishly updated pantry with solid wood shelving adds both convenience and charm. With one bedroom and a full bathroom on the first floor, and the owner's suite plus three additional bedrooms and another full bath upstairs, this home offers flexibility and privacy for all. Enjoy the comfort of tile and carpet flooring throughout. Perfectly positioned in Tavares, you're just minutes from the vibrant Wooten Park, the shops and restaurants of downtown Mount Dora, you'll relish the convenience of this prime location. Embrace the allure of Tavares, known as America’s seaplane city, with an array of activities centered around beautiful Lake Dora right at your doorstep. Don't miss the chance to experience home ownership at its finest – schedule your viewing today. Be sure to check out the 2 minute showcase video to see all this amazing home has to offer (scroll down through the "facts and details" to click on the "virtual tour" link).
Source: STELLAR #o6191072
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6191072
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.
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: #o6191072