3777 Myrtle Oak Ct, Clermont, FL 34714
2 beds · 2 baths · 1,646 sqft sqft
Welcome to Palms at Serenoa, where luxury living is a part of everyday life. This stunning 2-bedroom, 2-bathroom Villa boasts premium water views and is ready for you to call it home! Take a stroll with your dog down to the nearby dog park, located right within your cul-de-sac. This smart home is equipped with numerous modern features, including remote control of home systems via your phone, motorized window treatments, a water filtration system, and a UV sanitation light in the AC system. The Villa features a spacious granite island and sleek stainless steel appliances in a bright and open kitchen. With tile flooring throughout the main areas and plush carpeting in the bedrooms, comfort is at the forefront. Step out through the triple sliding doors onto your extended screened porch and take in the tranquil pond views and the soothing sound of the fountain every morning. Enjoy the convenience of motorized shades in both the living room and the primary bedroom, easily adjustable with a remote. The Palms at Serenoa is a gated 55-plus community offering exceptional amenities, including a community pool, pickleball courts, a fire pit, and a variety of activities for its residents.
Source: STELLAR #g5086323
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5086323
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: #g5086323
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.