370 Silver Maple Rd, Groveland, FL 34736
2 beds · 2 baths · 1,694 sqft
Welcome to this lovely Charlotte floorplan with 2 bedrooms/ 2 baths plus den home in the 55+ guard gated Trilogy Orlando (Cascades of Groveland) community. This awesome home is enhanced with plantation shutters throughout and porcelain plank wood look tile in the living areas. The home has been handicapped modified with widened doorways for ease of access. Doors are widened in the master bedroom & bathroom, guest bath and from the garage and laundry room. The master shower is fully handicap accessible (walk in or roll in). It is equipped with a dual shower system, grab bars, custom tile and tub. There is a custom built-in murphy bed system in the 2nd bedroom. The den/office room offers flexible space with doors for privacy. The kitchen is completely remodeled with granite countertops, wood cabinets, natural gas stove and included appliances. There is also a second desk area/office off the kitchen that also can serve as a bar area. This highly desirable floorplan features a front porch with screened entry to the front door. The foyer leads to the living room with views of the lanai and private backyard. The formal dining room is perfect for special occasions with the ambiance of the electric fireplace and overlooks the backyard through a second set of sliding glass doors. The screened lanai offers year-round enjoyment with a garden view. Enjoy the fact that the location is a short walk to the 57,000 square foot state of the art Magnolia House clubhouse which features a full-service restaurant and bar, fitness center, indoor and outdoor pools, spas, demonstration kitchen, massage room, dance studio, poker lounge, a golf simulator, billiards, countless planned activities, 50 active member-led clubs and more. Outdoor recreational amenities include a dog park, tennis, pickleball, basketball and bocce ball and walking trails. The community life is vibrant, with fitness classes such as Aqua Fit and Zumba, various arts and crafts opportunities, numerous social clubs and regular themed parties and group excursions. The dining scene within the community is geared towards health-conscious individuals and also provides casual spots for socializing. The community is in close proximity to area dining, shopping and medical facilities in Clermont or Leesburg and easy access to the Florida Turnpike. HOA dues include Spectrum Cable & high-speed internet, land line phone, security system and lawn care. Call now to schedule your tour!
Source: STELLAR #o6236653
Source: STELLAR #o6236653
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: #o6236653
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.