2661 Rowan St, Tavares, FL 32778
5 beds · 3 baths · 2,738 sqft sqft
**Why wait for new construction when you can make this nearly new estate yours NOW and be HOME FOR CHRISTMAS!!** This SPACIOUS 5 bedroom, 3 bath home is nestled in the tranquil, master-planned community of Avalon Park, surrounded by over 15 acres of parks, walking paths, and serene lakes and offers access to a refreshing community pool and convenient playground. Perfect for families who value both comfort and convenience. Step into a sunlit open floor plan complete with a formal dining room or flex space. The thoughtfully designed kitchen allows for maximum functionality and style, featuring upgraded stainless-steel appliances, beautiful stone countertops and ample cabinet/countertop space. The bedroom and full bath conveniently located downstairs makes multi-generational living or hosting guests a reality. The expansive master suite, nestled upstairs for privacy, boasts a luxurious feel with ample space. Upstairs rounded off by three additional well-appointed bedrooms, hall bathroom and a generously sized loft. Outside, enjoy a large backyard perfect for children or pets to play freely and hosting memorable gatherings Positioned close to top-rated schools (walking distance to Pinecrest), local doctors and hospitals such as Advent Health Waterman and just a stone's throw away from Downtown Tavares which offers Restaurants, nightlife, a marina, a sea plane base and a water splash park. You are also just a short drive to Downtown Mount Dora for an array of shops, dining options, and entertainment venues. With easy access to US-441. Schedule your private tour TODAY!!
Source: STELLAR #g5089306
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5089306
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.
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: #g5089306
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.