3468 Mccormick Woods Dr, Ocoee, FL 34761
4 beds · 4 baths · 2,907 sqft
New Price! Come check it out! You are looking at a beautiful and quite elegant home located in the much desired and "gated" McCormick Woods neighborhood. This 4 bedroom 3.5 bath home has quite a few extras and shows great! 2,907 heated square feet and 3,837 square feet including the front porch, back patio and a 3 car garage. Tandem spaces in the garage on the right side of the home. Block and Stucco Construction. The fenced in backyard overlooks a conservation and wooded area which provides shade and privacy. Backyard has plenty of room for a pool! No homes behind you...just trees and woods! Large screened in patio on the back side of the home! The exterior was recently professionally painted. Big front porch to visit with neighbors and friends. As you enter the home, you have a separate living room on your left and a full size dining room on your right. Through the home, on the first floor, is a huge family room with high ceilings. Plenty of light through the windows above! The kitchen has a breakfast bar and island with a sink! Granite countertops and 42" wood cabinets! All appliances go with the home...stainless steel about 4 years old, including a range, dishwasher, microwave and refrigerator. Off the kitchen is a kitchen nook, a half bath and a a full laundry room with a door, for your washer and dryer. The Washer and Dryer currently in the home does not convey at the time of purchase. In the center of the home is located a staircase, going to the second floor, which has the Master Suite, and 3 full sized bedrooms. In addition, there are 3 full baths, one for the master and 2 additional ones upstairs. At the top of the stairs you overlook the family room below and the woods in the backyard of the home. The Master Suite is truly elegant. Double doors and two walk in closets on each side of the bedroom. Dual vanities, a large tub and a separate large shower. Two Bedrooms share a bath with a shower and a tub and the fourth bedroom has its own bath with tub and shower. There are closets and storage throughout the home. Flooring is ceramic tile and carpet. The HOA in the community has a playground, picnic area and a gorgeous and beautiful pool for its residents. There also is a top of the line basketball/recreation court. Check out the pictures! The location of the property/neighborhood is fantastic! Between historic Winter Garden and Apopka and offers excellent restaurants, shopping, and parks! State of the art...brand new Adventist Health hospital and Medical Center is just down the road. If you are looking for something special...don't miss this one!
Source: STELLAR #O6265643
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #O6265643
Source: Public records
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%. 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.
Other resourcesWhat 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.
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