312 Nautica Mile Dr, Clermont, FL 34711
3 beds · 3 baths · 2,421 sqft
Beautiful and spacious townhome in the heart of Clermont. Over 2,400 square feet with three large bedrooms plus bonus room and three baths. This home has been meticulously maintained and cared for. It includes updates such as roof in 2022, an air-conditioning unit in 2024, rain gutters with leaf shields in 2022, all appliances beside dishwasher in 2022 and plantation shutters. You are greeted by the inviting front porch where you can sit in a cozy chair and watch the beautiful sunsets. The living and dining area is huge and has lots of recessed can lighting, and a beautiful built-in window seat with storage for a nice cozy reading spot. The kitchen has a ton of cabinets and a big pantry and center island. Newer stainless appliances and a custom corner table with chairs and a bench with storage underneath. A fabulous place to gather for a meal with family and friends. The large primary bedroom has high ceilings, plantation shutters and a large walk-in closet with a dresser. The primary bath is large and bright with a soaking tub, two vanities and a walk-in tile shower. The two secondary bedrooms are large and are joined by a Jack-n-Jill bath. One bedroom also has a large bonus room attached. Great for a playroom, nursery, more storage or really just about anything. This home has an abundance of storage space and an extra-large two-car garage attached. This beautiful, move-in ready home is just across the street from Lake Minneola and South Lake Bike Trail. A short distance to Clermont's Waterfront Park where all festivals, marathons and triathlons are held. The community offers beachfront and a dock on Lake Minneola, part of the Clermont Chain of Lakes. The HOA covers all exterior maintenance, painting of the buildings every six years, termite control and the community pool. Short distance from the vibrant and ever-growing area of downtown Clermont. Enjoy all the shops, music, festivals, restaurants and pubs that Clermont has to offer. along with the farmers market on Sunday mornings. You are also just minutes from Publix, pharmacies, hospitals, theaters, and large chain department stores and restaurants. See this extraordinary home and community.
Source: STELLAR #O6252349
Financials
Source: Public records
Source: STELLAR #O6252349
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.