26644 Cayman Dr, Tavares, FL 32778
4 beds · 2 baths · 1,952 sqft sqft
Welcome to this WATERFRONT Gem! Discover this unique opportunity to own a beautifully upgraded home on the renowned Harris Chain of Lakes! Enjoy direct access to Lake Harris, Lake Eustis, and several others. Whether it's fishing, jet skiing, water skiing, or simply just exploring the Chain of Lakes and nearby downtown restaurants by boat, ALL of this can be done right from your own backyard!! This 4-bedroom open-concept floor plan offers living and dining areas with an inviting atmosphere perfect for entertaining and family gatherings. Additional living space is provided by a separate den area that opens onto a screened porch. The master suite is a true retreat, and if storage is a concern, you'll love the walk-in closet and the two additional full-size wall closets. The master bath is huge and includes a walk-in shower, raised double vanities, and granite countertops. The kitchen and huge island are a chef's dream! The split floor plan ensures privacy and separation from the other 3 bedrooms. The bedrooms are nicely sized including one that is extra-large with a cozy sitting area. The entire home has been upgraded. Everything from a new kitchen to new flooring has been done and the seller did not spare any expense! Other upgrades include a newer roof, HVAC system, electrical panel, hot water heater, and drain field. This home is one of the only options available with both a boat lift and seawall. Location! Location! Location! This neighborhood is close to everything. Just minutes from lots of shopping and dining options at the Tavares Crossroads and a short drive to the beautiful Downtown Mt. Dora. The community amenities include a clubhouse, private beach, and boat ramp. HOA fees ONLY $500 PER YEAR and includes your water usage!! Call for more information and to schedule your private showing today!!
Source: STELLAR #o6246296
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6246296
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: #o6246296
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.