378 Silver Maple Rd, Groveland, FL 34736
3 beds · 2 baths · 1,502 sqft sqft
Price Reduced!! Experience the exclusive lifestyle of an age-restricted community at Trilogy of Orlando. This immaculate 3-bedroom, 2-bath home is perfect for those seeking a bright, open living space. With abundant natural light streaming in through the sliding glass doors that span the back wall of the house, you can enjoy the Florida sunshine and gentle breezes in comfort. The welcoming front porch, spacious screened lanai, and paver patio are ideal for socializing with friends and family. The home features a modern kitchen with tile flooring, white cabinets, and all new stainless steel appliances, plus a cozy eat-in area. The primary bedroom is generously sized with high ceilings, numerous windows, and two walk-in closets for ample storage. The en-suite master bath boasts a separate shower, a large soaking tub, double sinks, and a sizable vanity. The second bedroom also has high ceilings and a new ceiling fan, with the second bathroom conveniently located nearby, featuring a tub/shower combo and vanity. The third bedroom, which can also serve as a den or office, adds flexibility to the living space. Recent updates include a fresh exterior paint job (2022), a new roof (2022), a new HVAC system (2021) and fully paid for solar panels that significantly reduce your electric bills to an average of $90 per month. The home's natural gas appliances further enhance its affordability. Residents of Trilogy can enjoy a wealth of amenities at the award winning 57,000-square-foot Magnolia House clubhouse. The facility includes a restaurant/bar, a state of the art fitness center, a basketball court, pickleball and tennis courts, a massage room, a kitchen for cooking classes and wine tastings, an indoor/outdoor heated pool, indoor and outdoor hot tubs, a golf simulator, a theater, poker rooms, art and crafts room, a billiards room, and a large event center for concerts, dances, and other activities. Conveniently located with easy access to the Florida Turnpike, you'll be close to theme parks and downtown Orlando. With all these features and at this price, this home is a rare find. Don't miss out - schedule your visit today!
Source: STELLAR #o6236239
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6236239
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: #o6236239
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.