425 Kestrel Dr, Groveland, FL 34736
5 beds · 5 baths · 2,920 sqft
BACK ON THE MARKET!!! Highly motivated seller, make a reasonable offer. This home was built in 2019. Home needs some TLC. The home is located close to historic downtown Clermont and to the many attractions in Orlando. The house has 2,920 living square feet and a total of 3,691 building square feet. The home has FIVE total bedrooms with the primary bedroom upstairs and FOUR full baths and ONE 1/2 bath. The guest bedroom is located on the first floor with access to a full bathroom. The home also has a two car attached garage. The house is spacious and well-lit with plenty of windows letting in natural light. The house contains a large living room/dining room combo, a large kitchen with a breakfast area. The kitchen is large and spacious with plenty of counter space. there is a study/den on the first floor also. Upstairs is a loft area. A laundry room is also upstairs. There are four bedrooms which include the primary bedroom upstairs. The house has a screened in rear lanai and a vinyl fence surrounding the back yard. There is a playground located nearby. This house will not last long. Schedule your private showing now.
Source: STELLAR #o6182665
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6182665
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 30-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: #o6182665
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