3327 MANATEE RD, Tavares, FL 32778
With Lawn Maintenance and HOA Fees pre-paid for one year here is a hard-to-find 3 bedroom 2 bath home located in Fox Run offers over 1900 SF of interior living area. As you walk in you notice the open and spacious floor plan enhanced by the cathedral ceilings and skylights. Take your choice of entertaining in your family room, living room or Florida room all of which surround the large kitchen which includes a center island, with ample cabinet and counter space, as well as a pass-through with optional bar seating. The master bedroom suite has a large walk-in closet, and a large bathroom area containing dual vanities, a garden tub, and shower, as well as a large bonus room, including central vac, a great place to expand your closet or dressing area. Split from the Master Suite the two guest bedrooms have convenient access to the second bathroom and family room. Enjoy the sights of the outdoors from your glass-enclosed Florida Room or your back deck which wraps around the back of the home.; for more storage, the 20 x 18 storage/workshop is conveniently located along the sidewalk just off the oversized double carport and driveway. Come and enjoy the Fox Run lifestyle with two pools, a clubhouse, community ramp, a marina, and canal front boardwalk all of which access the "Harris Chain of Lakes". Don't wait, schedule your visit now!
You may be able to put down less than the total down payment amount of $119,865 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: #g5077210