36729 Alaqua Ct, Eustis, FL 32736
4 beds · 3 baths · 2,639 sqft
Enjoy the evening sunsets and beautiful water views from your home on the 18th green of the Village at Black Bear. This home has had recent renovations to include interior painting throughout, new bathroom ceramic tile, new fixtures, entire landscaping, new paver courtyard in front, extended paver walk and lanai/patio in back with new screen, new living room and master bedroom fans, new window curtains and shades, custom built in shelving in guestroom which is perfect for your library, office, or hobby room. This is a "Florida Energy Services efficient home which includes 80-gallon water heater, Energy Star Windows, attic vents and Rain Soft whole house water filtration system. The kitchen is centrally located for ease of entertaining and includes lots of storage, pantry, raised bar for seating or serving, stainless steel appliances, and an additional eat in area. When entertaining a larger crowd, the additional open dining room off the great room affords so many options. The split plan has large Master Suite includes ensuite bath, garden spa tub, step in shower, dual vanities, and large double closets. This home has high ceilings bringing in the natural light to enjoy the new natural color palette. Whether you're enjoying a relaxing evening watching the sunset or entertaining guests, the newly screened lanai with pool bath entrance is the place you will love. The Black Bear community includes the 18-hole golf course, on site restaurant, tennis and pickleball courts, playground and is Golf Cart and Pet friendly. Best yet, it has that country feel yet you are close to the Mount Dora Area shopping, theater, entertainment and restaurants, parks and marina for boating, and lots of activities. Less than an hour to major international airports plus the beach. Come See this Beauty!
Source: STELLAR #G5089584
Financials
Source: STELLAR #G5089584
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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