2586 Glacier Express Ln, Tavares, FL 32778
5 beds · 3 baths · 2,696 sqft
Under contract-accepting backup offers. Welcome to 2586 Glacier Express Lane! This home is a great price with a lot of value for the next owner! Make it yours before it's gone! This two-story, solid concrete block construction on both levels, 5 bedroom, 3 full-bath sanctuary boasts nearly 2700 ft.² of living space with no rear neighbors. The recently renovated kitchen is a culinary delight, 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
Source: STELLAR #o6191072
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.
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.
MLS ID: #o6191072
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.