3921 Doune Way, Clermont, FL 34711
2 beds · 2 baths · 1,532 sqft
**PRICE REDUCTION** Welcome to this newly remodeled Kent model with 1532 square feet located in the golfing community of Kings Ridge. As you walk up the sidewalk notice the extra-large front porch. It is a welcome place to relax and watch the sunset or to view the many golf carts and friendly neighbors passing by. You will be impressed with the porcelain tile flooring throughout the whole house including floor baseboard. This popular model features a large eat in kitchen with stainless appliances and gorgeous Cherry wood kitchen cabinets with crown molding and satin nickel pulls. Beautiful Granite countertops with under mount sink. The primary bedroom is spacious with a slanted vaulted ceiling and an oversized closet. From the bedroom walk into the personal use space, with a separating privacy door leading one into the shower and a new chair height commode. From the personal use area with a single sink, enter the closet big enough plus room to store your luggage! The primary bedroom has sliding glass doors out to the back lanai which is huge; 22 feet long by 10 feet wide. This area has enclosed sliding windows with screens to enjoy the breezes. This fantastic model has a split bedroom floor plan that features vaulted ceilings in all the bedrooms plus a second full bath with tub and shower for maximum privacy for visitors. One of these rooms may be used as a den/office. 2 car garage. New roof in 2015. This home has been well-cared for and updated as needed. One special feature is the whole house water treatment / softener system located in the garage. Welcome home to Kings Ridge—where life begins at 55.
Source: STELLAR #g5085389
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5085389
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: #g5085389
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