36300 Grand Island Oaks Cir, Grand Island, FL 32735
4 beds · 3 baths · 2,570 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 36300 Grand Island Oaks Circle: a character filled, 1 story, 4 bedroom, 3 bathroom + den home and your chance to CAPITALIZE ON $5,000 in SELLER-PAID CLOSING COSTS! This turnkey, spacious and stylish property is located in the midst of five of Central Florida’s most popular lakes, and just a short drive away from downtown Mount Dora, Leesburg, and Eustis. This beautifully maintained home features soaring ceilings lined with 3 elegant tray ceilings throughout the interior. Enjoy two separate living areas complimented by sleek interior columns and 8' tall sliding glass doors that fill the space with natural light and open up to a massive (30’ x 15’ 8”) screened lanai with exterior sun shades—perfect for relaxing with a morning coffee or afternoon cocktail. All of this while overlooking your fully fenced backyard with plenty of room to play or garden. This home’s next owners will enjoy peace of mind with a full home security system, monitored termite bait stations (with a TRANSFERABLE WARRANTY), metered irrigation, and a brand-new roof installed in July 2022! Other notable upgrades also include a hurricane safe garage door, new garbage disposal, and a new garage door opener, both replaced in ‘22. The primary suite is a true retreat, offering an oversized layout and direct access to the screened lanai. It also features his-and-hers vanities, 2 walk in closets, a private water closet, a spacious garden tub, and an oversized walk-in shower. The home’s charm is undeniable, designed with beautiful interior and exterior columns, plant shelves, and art niches throughout. This home also comes with a well-lit, enclosed den for your home office or play-room, as well as a private bedroom with its own en-suite bath and direct access to the back yard. The other guest bedrooms also have quick, easy access to the shared bathroom located in the hallway. Another great benefit to this home is certainly the well appointed laundry room, equipped with plenty of storage space, a utility sink, and a linen closet. This home’s kitchen includes plenty of recessed lighting, storage and even bar-stool seating at the peninsula that opens up to your living room and breakfast nook! As a bonus, the owner is including newly purchased tile for the master and guest baths, ready for your finishing touch! Don't miss the chance to see this stylish, move-in-ready gem packed with thoughtful details and timeless appeal. CALL US TODAY!
Source: STELLAR #O6299939
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6299939
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.