3404 Grassy Lake View Ave, Minneola, FL 34715
3 beds · 3 baths · 2,654 sqft
Welcome to this stunning single-family home offering modern comfort and style. Built in 2020, this residence features 2,654 square feet of living space. The interior boasts an open floor plan with high ceilings, creating a bright and airy atmosphere. The gourmet kitchen is equipped with stainless steel appliances, granite countertops, and a large center island, perfect for culinary enthusiasts. Down stairs you will find Living room, Kitchen, dining room, half bath, and either formal dining room or bonus room. Need a home office? On the second floor you will find the bedrooms along with the master suite which includes a massive walk-in closet and an en-suite bathroom with dual vanities. A loft giving extra bonus area for hang outs, media time, or office space. Your imagination is endless in this home! If this is not enough you will love the private back screened in porch for entertaining or sipping your favorite beverage. The property offers a well-manicured yard and fenced in backyard, ideal for outdoor activities and relaxation. The home is located in the desirable Overlook at Grassy Lake community, providing residents with access to amenities such as a community pool and pool deck. Conveniently positioned near major highways, shopping centers, and schools, this home combines suburban tranquility with urban accessibility. Don't miss the chance to make 3404 Grassy Lake View Avenue your new home. Schedule a viewing today to experience all that this exceptional property has for you.
Source: STELLAR #V4939714
Financials
Source: Public records
Source: STELLAR #V4939714
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.