VA loan
1 of 16
VA loan
$1,700,000

2750 Lee Shore Loop, Orlando, FL 32820

5 beds · 5 baths · 4,773 sqft sqft

A remarkable lakefront home in the gated community of Country Lake Estates. This meticulously crafted home boasts attention to detail and luxurious finishes throughout. Step through the entrance and enjoy the seamless flow of the home, guiding you towards the breathtaking wall-to-wall glass sliders. Beyond lies a brick-pavered lanai and gazebo, surrounded by lush tropical foliage, creating a resort-like oasis. Here, you can enjoy a swim in the large heated pool, relax in the hot tub, and gather around the cozy gas firepit in the evenings. The fully equipped outdoor kitchen, complete with a Twin Eagle gas grill and True refrigeration, offers the perfect setting for al fresco dining and entertaining. Outside, enjoy the wondrous views and enchanting ambiance of "old Florida." As you stroll along the raised boardwalk above a sea of ferns, weathered cypress knees peek out of the landscape, leading you to a private covered boat dock with an electric lift. This exclusive frontage on Corner Lake provides a rare haven for tranquility, water sports, and appreciation of the natural surroundings. End your day by the lakeside firepit, toasting marshmallows and enjoying the serene beauty around you. Inside, 10-foot ceilings and elegant 8-foot doors create an airy and welcoming ambiance throughout the home. Intricate crown moulding and baseboards add a touch of elegance. The gourmet kitchen features granite countertops, custom cabinetry, and a grand-scale gas range with a powerful ventilation hood. The generous pantry, equipped with custom shelving and heavy-duty pot and pan racks, offers ample storage and organization for culinary enthusiasts. Custom curtains grace the windows, adding an extra layer of elegance and style to each room. The master suite is a tranquil retreat, boasting dual walk-in closets. The spacious sunken provides a luxurious sanctuary for relaxation. Glass sliders in the master bedroom seamlessly connect to the pool area, allowing for effortless indoor-outdoor living. An additional bonus room upstairs offers endless possibilities, whether it's used as a home office, media room, or playroom. Designer wallpaper adds a unique and personal touch to various rooms. This remarkable residence also offers practical conveniences. With a new roof installed in 2022, you can have peace of mind. The driveway is equipped with a 30-amp plug, catering to your RV needs. The home is equipped with a whole-house generator, a 70+ panel solar energy system for sustainable living, and a gas-powered on-demand water heater for unlimited hot water. The office and wine storage area between the kitchen and laundry room provide added functionality. Ample storage is available in the walk-in storage closet upstairs, the insulated attic, and the impressive three-car garage with a low-maintenance epoxy floor. The whole-house vacuum system adds an extra touch of convenience. Surrounded by custom-designed tropical landscaping, including majestic mature areca palms, this residence presents a private and tranquil retreat. This lakeside sanctuary offers a serene countryside ambiance while being just a short 10-15 minute drive from the vibrant University of Central Florida and major shopping destinations. Situated on the east side of Orlando is only a quick 35-minute drive to Cocoa Beach. With the airport and downtown a mere 25-30 minutes away, this idyllic setting seamlessly combines the convenience of modern living with the allure of a tranquil escape.

Interest rate 3
3.88%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,397
With Roam
$1,860
Reduce your monthly payments by $462 when you assume this mortgage.
You also save $127,774 in total interest paid.

$1,445,148
Edit

You may be able to put down less than the total down payment amount of $1,445,148 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
4,773 sqft
Lot size
2.76 acres
Year built
2005
Type
Single Family Residence

Source: STELLAR #o6199070

Loan
Remaining term
23 years
Rate
3.88%
Monthly P&I
$1,397
Remaining loan balance
$254,851

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 21, 2024 11:45 am
Listing agent: Dan Graves (952) 210-7492
Listing provided courtesy of: GRAVES REALTY (407) 900-1355
Details provided by STELLAR and may not match the public record.
MLS ID: #o6199070
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,397/mo
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