394 SILVER MAPLE RD, Groveland, FL 34736
(Central Florida) Exceptional Home in a Premier 55+ Trilogy Cascades of Groveland Community with FIVE STAR AMENITIES You will fall in love with this lovely contemporary three-bedroom/den, two-bathroom residence nestled on a generously sized lot, that boasts a lush backyard green belt and ultimate privacy from your neighbors. Located on a cul-de-sac street also adds additional privacy from the rest of the world. As you step into the inviting foyer, you will appreciate the open design of the OPEN FLOOR PLAN which lends itself to a feeling of a much larger home. The view of the lovely PARK LIKE SETTING captures your attention and makes you think about the days you could spend just relaxing on your screen enclosed patio. Enjoy the ambiance of the birds chirping and the lush, landscaped greenbelt. The open design features a split floor plan, with the second and third bedrooms located at the front, conveniently situated near a bathroom for additional privacy. One of these bedrooms can easily be transformed into a home office or den, offering versatility to suit your needs. The interior showcases a neutral palette, enhancing its appeal for every potential interior design that the buyer may wish to embrace. The upgraded kitchen is a true highlight, featuring brand NEW KITCHEN AID APPLIANCES, exquisite QUARTZ countertops, a stylish backsplash, and beautifully painted cabinetry that adds a designer touch. Plus, the kitchen is not only aesthetically pleasing but also highly functional, offering an eat-in area ideal for casual dining or planning your day's activities. The spacious living room seamlessly connects to the dining area, creating an inviting space for entertaining family and friends. Dual triple sliders lead from these living spaces to the lanai, extending your entertaining area outdoors with ELECTRICAL REMOTE-CONTROL SHADES add to the luxury and appeal for this home. Owner’s retreat is perfect for king size bed set and has a lovely view of the lovely, landscaped backyard. The inviting master bathroom features His/Her vanities with granite countertops, separate garden tub, and a separate enclosed water closet. Equipped with natural gas and the new air conditioner (2022) harmonizes comfort with modern convenience. The two-car garage includes overhead storage, ready to accommodate your vehicles and more. Community Amenities The HOA fees cover a range of amenities, including lawn and shrub maintenance, basic cable, internet with a landline, home security monitoring, streetlights, and access to the clubhouse amenities. AMENITIES FOR EVERYONE: Trilogy Cascades of Groveland is a beautiful, guard-gated community strategically centered around the magnificent 57000 square foot Magnolia House clubhouse where you can enjoy wonderful live entertainment and parties with your friends. Residents enjoy a wealth of amenities, including a full-service restaurant and bar, two gyms, indoor and outdoor pools, spas, a dog park, tennis, pickleball, bocce ball, and scenic walking trails. Additional features include a demonstration kitchen, massage room, dance studio, poker lounge, golf simulator and billiards. There is an activity for everyone one to enjoy. Come live the lifestyle you have always dreamed about!
You may be able to put down less than the total down payment amount of $149,180 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5085910
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.