36300 Grand Island Oaks Cir, Grand Island, FL 32735
4 beds · 3 baths · 2,570 sqft
One or more photo(s) has been virtually staged. Experience the pinnacle of Florida living in the beautiful Grand Island Oaks community with The Riviera, one of Showcase Homes most desirable floor plans. This impeccably designed four-bedroom, three-bath home blends elegance and functionality, offering a spacious living and dining room combination with tray ceiling complemented by sliding glass doors that open to a large lanai for seamless indoor-outdoor living. The elegant owner's suite is a true retreat, featuring a tray ceiling and private access to the lanai through sliding glass doors. The spa-like en-suite bathroom is complete with dual vanities, an oversize walk-in shower, a luxurious soaking tub, private water closet, and two spacious walk-in closets.The home's thoughtful split-bedroom design ensures privacy for everyone. One bedroom features an en-suite bathroom with private exit, perfect for use as a mother-in-law suite, guest suite, or pool bath for future outdoor amenities. Additional features include a versatile den, ideal for a home office, reading nook, or child's playroom, as well as interior columns, plant shelves and art niches throughout the home, perfect for showcasing personal treasures. The heart of this move in-ready home is a stylish, open-concept kitchen and built in pantry, ideal for both daily living and entertaining. It overlooks the breakfast area and family room, flowing effortlessly into the oversized lanai featuring CooLoo shades through 8 foot sliding glass doors. The fully fenced backyard provides ample space for a pool, garden, or entertainment area making it an entertainer's dream. Practical touches like a well-appointed interior laundry-room with utility sink and linen closet enhance the home's functionality while key updates like new roof in 2022, a metered sprinkler system, hurricane-safe garage door, monitored termite bait stations with transferrable warranty, and a home security system ensures peace of mind. Located near shopping, dining, beautiful lakes, airports, and Florida's top attractions, with easy access to major highways and medical facilities, this home offers the perfect blend of convenience and small-town charm. Don't miss your chance to own this stunning home in one of Central Florida's most sought after communities. Schedule your private tour today to experience the exceptional lifestyle waiting for you in Grand Island Oaks!
Source: STELLAR #g5087650
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087650
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #g5087650
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.