2902 Falconhill Dr, Apopka, FL 32712
7 beds · 5 baths · 4,700 sqft
PRICE ADJUSTMENT. Owner's Motivated! A beautiful mediterranean home! From the moment you enter this home, you will notice the vaulted ceilings, quality finishes, and quiet elegance throughout. The flexible floorplan leaves no desire unfulfilled with a first and second floor Primary Suites, 4 additional bedrooms upstairs, 5 full bathrooms, and an enormous great room perfect for a home theatre or gaming. The expansive entertaining spaces include a large family room off of the kitchen, formal living and dining room and outdoor covered/screened space as well. The expansive outdoor area includes plenty of room to add a pool. The existing gazebo and swing set can stay with the home purchase. It's one of the largest yards/lot in the community. The "heart of the home" stainless steal appliances, solid wood cabinets, solid countertops, a large custom walk-in pantry, and a breakfast bar. The first floor Primary bedroom retreat offers a space to relax, it includes a large garden tub with separate shower, a separate water closet, and a double sink vanity with solid countertops. The large laundry room has great counter space and storage with cabinetry including a built-in sink. The enormous 31x19 great/game has a built in speaker system, making this a great space for entertaining. Other upgrades and improvements include crown moulding throughout the home, security system/cameras, a completely fenced yard with Vinyl fencing and gates, large covered/screened in lanai, rain gutters. This gated neighborhood is located a short walk to the beautiful Wekiva Springs State Park with its beautiful bubbling spring, hiking/biking trails, canoeing, camping and much more! The established natural beauty in this area is unrivaled. Be sure to come see it.
Source: STELLAR #o6225589
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6225589
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: #o6225589
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.