3449 Meadow Beauty Way, Clermont, FL 34714
2 beds · 2 baths · 1,646 sqft
Under contract-accepting backup offers. Step into luxury and into your future 55+ active community townhome in THE PALMS at SERENOA, that perfectly blends convenience with RESORT-STYLE LIVING. Features include thoughtfully designed two-bedroom, two-bathroom, office/hobby room with amazing sunsets over the lake water fountains. The open floor plan is ideal for relaxing, entertaining and with views from almost every room. Upon entering, you're welcomed into spacious and tall ceiling foyer and hobby room to your left, continuing into the kitchen, dining and living area. Natural light abounds through the large, tinted glass sliding doors that span the entire rear wall. The huge kitchen is a cook’s dream. Equipped with solid counter tops, three pendant lights and stainless-steel appliances, the large center island and its surrounding space make meal prep a pleasure. This home takes modern living to the next level with its integrated with smart home technology integration adding energy efficiencies and wireless capabilities. The master suite features dual "his and hers" walk-in closets, laminate flooring and extraordinary views of the lake and water features. The en-suite bathroom is well equipped with dual sinks and an easy walk-in shower. The icing on the cake is the nice, appointed sunset facing screened porch with an extended brick patio and fenced yard, perfect for Florida’s colorful sunsets viewing and southing water sound. Expect to be impressed by the amenities of THE PALMS community. The first-class clubhouse is surrounded by beautiful landscapes, lots of activities and a resort-style pool. Location is a plus as you will be minutes from WALT DISNEY WORLD, extensive shopping, hospitals, a variety of eating establishments and the soon to be opened 429 connector. Come and see why the residents are so pleased to be living at The Palms! CALL TODAY!! HOA includes cable, internet and exterior maintenance.
Source: STELLAR #G5093689
Source: STELLAR #G5093689
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.