3124 Oak Brook Ln, Eustis, FL 32736
3 beds · 3 baths · 1,998 sqft
Pictures coming Soon! Discover the potential of this charming two-story home, perfectly situated in a quiet cul-de-sac within the welcoming Misty Oaks community. Just a short drive from the vibrant downtown districts of Eustis and Mount Dora, this home combines a peaceful setting with easy access to local shops, dining, and entertainment. Inside, imagine the possibilities as you bring your personal touch to life! The formal dining room, bathed in natural light, leads to a spacious kitchen featuring finished cabinets, a snack bar, and ample space for family meals. The living room, tucked away at the rear of the home, offers a cozy and private retreat. French doors invite you to step out onto a delightful porch, perfect for enjoying peaceful mornings or entertaining while overlooking the backyard. The first floor also includes a large laundry room and a convenient half bath, ideal for busy lifestyles. Upstairs, the generously sized master bedroom awaits, showcasing a double tray ceiling and a walk-in closet. The en-suite master bathroom offers the luxury of double sinks, a soaking tub, and a separate shower, creating a spa-like experience. Two additional bedrooms and a full bathroom with double sinks provide plenty of space for family or guests. While flooring and some finishing touches are needed, this home is your canvas to create the perfect space for you and your family. With low HOA fees, you’ll also enjoy access to community amenities, including a pool, playground, and basketball court. Don’t miss the chance to make this home your own! Schedule your showing today and let your vision bring it to life.
Source: STELLAR #o6257191
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6257191
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: #o6257191
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.