3287 Logan Berry Dr, Mount Dora, FL 32757
4 beds · 2 baths · 1,828 sqft
MOTIVATED SELLER, CALL TODAY FOR YOUR PRIVATE TOUR!!! Welcome to Your Dream Home in Holly Estates! This stunning 4-bedroom, 2-bath oasis perfectly combines elegance with functionality, offering a lifestyle your family will cherish for years to come. Step inside and be greeted by an open-concept living space designed for effortless entertaining and cozy family gatherings. The heart of the home is the spacious kitchen, where a large island awaits your personal touch?imagine adding your favorite bar stools and enjoying morning coffee or evening conversations with loved ones. Each bedroom provides a unique retreat for relaxation, whether it?s for reading, studying, or playing games. The owner's suite is a true sanctuary, featuring a generous walk-in closet and a luxurious en-suite bath equipped with dual sinks and a walk-in shower. Ample storage space, including a linen closet, ensures everything has its place, allowing you to enjoy the seamless flow of your new home.But the allure doesn?t stop there! Holly Estates presents a vibrant community atmosphere with a low HOA that offers fantastic amenities for outdoor enthusiasts and families alike. Dive into the refreshing swimming pool on those hot Florida days, run wild at the playground. Don?t miss your chance to own this magnificent Holly Estates home, where a perfect floor plan meets community charm. Schedule your private tour today and discover the lifestyle you've dreamed of.
Source: STELLAR #o6244702
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6244702
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 30-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: #o6244702
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.