30502 Island Club Dr, Deer Island, FL 32778
3 beds · 2 baths · 2,022 sqft
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!
Source: STELLAR #g5084675
Source: STELLAR #g5084675
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: #g5084675
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.