30502 ISLAND CLUB DR, Deer Island, FL 32778
One or more photo(s) has been virtually staged. Embrace and enjoy all that the natural island of Deer Island has to offer in the heart of Central Florida. This charming home, nestled along the 8th hole fairway of the award-winning Deer Island golf course, features 3 bedrooms, 2 bathrooms, and an inviting open floor plan. The gourmet kitchen boasts stunning wood cabinets, granite countertops, a beautiful stone backsplash, and modern stainless steel appliances. An oversized island provides generous storage, bar seating, and a perfect spot for casual dining, seamlessly facing the living room to keep you connected to the great room activities. The dry bar area offers separation into the formal dining room, creating a sense of occasion when desired. Throughout all main areas, beautiful tile flooring ensures easy maintenance and a cohesive look. The primary suite is a private retreat, offering a serene space to unwind with sliding door access to the screened-in lanai, where you can enjoy breathtaking golf course views. Two additional bedrooms and a well-appointed bathroom provide ample space for family and friends. Outside, the screened-in lanai is perfect for relaxation, whether you're enjoying your morning coffee or evening wine with stunning views of the golf course. The home’s prime location on the 8th hole fairway ensures no rear neighbors, providing a peaceful environment. Deer Island is a 400-acre natural island surrounded by the waters of Lake Dora and Lake Beauclair, both part of the Harris Chain of Lakes. It features an awe-inspiring, privately-owned 18-hole championship golf course, which was recently named one of America’s Top 50 Public Golf Courses, and also ranks as #5 in the Top 25 Florida Courses! Homeowners are NOT required to be members of the golf course, but memberships are available to residents if desired. From this property, historic downtown Mount Dora is a short boat or car ride away. Mount Dora is known for its charming restaurants, quaint shops and year round festivals. Additionally, Tavares, “America’s SeaPlane City,” is approximately ten minutes away by boat. The Deer Island community is nestled in central Lake County yet only approximately 45 minutes from Orlando attractions and shopping, as well as approximately 90 minutes to Atlantic and Gulf coast beaches. Come see all that this home on Deer Island has to offer by scheduling your private showing today!
You may be able to put down less than the total down payment amount of $177,628 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5084675
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.