36628 Grand Island Oaks Cir, Grand Island, FL 32735
3 beds · 2 baths · 1,810 sqft
Welcome to this CHARMING MOVE-IN READY home nestled in a popular Grand Island neighborhood. This well maintained home has many key features and upgrades. A NEW ROOF and gutters in 2023, All NEW LIGHT FIXTURES and faucets throughout the home, providing a fresh, modern touch. The kitchen features 42 inch cabinets with crown molding, under cabinet lighting and a modern backsplash. The LARGE ISLAND features a BRAND NEW DESIGNER SINK, perfect for meal prep or casual dining. The outdoor living space has an 18x13 SCREENED-IN PORCH with SOLAR SCREENS for year-round enjoyment. The BRICK PATIO is ideal for outdoor entertaining or relaxing in your private back yard. You will appreciate the beautiful VINYL PRIVACY FENCE with both front and back gates for added security and seclusion. The spacious Primary bedroom has an en-suite bathroom with a walk in shower, duel sinks and a MASSIVE 7x16 WALK-IN CLOSET as well as a linen closet for additional convenience. The garage is equipped with a brand-new GENERATOR with all hookups and ramps for easy loading and a WATER SOFTENER with extra salt supply to keep your home's water quality at it's best. Conveniently located just minutes to Mount Dora with its shopping and fine dining and festivals throughout the year. Close to major highways that take you to beaches on either coast and a short drive to the Orlando attractions. This home offers both luxury and and practicality with it's thoughtful upgrades and inviting spaces, ready for y0u to move in and make it your own. Don't miss your chance to own this beauty in one of Grand Island's most popular neighborhoods! Call today for a private showing before its SOLD!
Source: STELLAR #G5092190
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #G5092190
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.