5009 Torchwood Dr
Minneola, FL 34715
4 beds · 3 baths · 2,744 sqft
$539,000
Get prequalifiedAbout this home
One or more photo(s) has been virtually staged. Back on the market with a NEW ROOF! 5009 Torchwood Drive is an exquisite home in the sought-after Reserve at Minneola community. Built in 2017, this residence seamlessly blends transitional design with comfortable living. It offers four spacious bedrooms, an office, a bonus loft, two and a half baths, and a thoughtful layout perfect for relaxing and entertaining. As you step inside, you're greeted by a bright, open floor plan featuring a dedicated office space—ideal for working from home or creating a private retreat. The heart of the home is the gourmet kitchen, with sleek stainless steel appliances, ample cabinetry, and a large island that invites you to entertain or enjoy casual family meals. The inviting living area opens to a private backyard just beyond the kitchen, perfect for quiet evenings or hosting friends and family. Enjoy the fully fenced backyard, a true private oasis with a tranquil and lush green space. Whether you're relaxing, hosting a barbecue, or simply enjoying the serene surroundings, this backyard is a rare find. Upstairs, the airy loft provides a versatile space that can easily adapt to your needs—a cozy media room or a children's play area. The primary suite offers a serene escape, with an en-suite bath featuring a double vanity and an oversized shower. Three additional bedrooms ensure that there's plenty of space for everyone. Nestled in a tranquil neighborhood, this home is conveniently located near excellent schools, shopping, and dining. It offers resort-style amenities like multiple pools, a playground, a park, and so much more. It also has easy access to major highways for an effortless commute. 5009 Torchwood Drive is more than just a house—it's a place to call home.
Source: STELLAR #O6250101
5-year savings
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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