502 Delta Ave, Groveland, FL 34736
3 beds · 2 baths · 1,540 sqft
Under contract-accepting backup offers. You’ll love this stunning single home. There is a nice open living and dining area for entertaining friends and family. Have confidence in your purchase knowing the home was built in 2017 and has been well taken care of. This beautiful house offers an open-concept floor plan, with 3 bedrooms and 2 bathrooms. As soon as you go inside the house you will see the kitchen on your left with wood cabinets, great pantry size, and the laundry room going towards the garage. You will not only fall in love with the spacious living room to enjoy having family and friends over while cooking a delicious meal, but also the spacious formal dining room, which you can make as a playroom, home school room, office, or exercise room. The master suite bedroom offers a walk-in closet with an ensuite bathroom and a walk-in shower bathtub. The other 2 bedrooms with a great-sized closet, and the second bathroom with a walk-in shower and bathtub in between both rooms. Just go outside to the covered back patio and enjoy a sunrise with a cup of coffee or your preferred beverage and relax, enjoying the spacious backyard to have family and friends over for a cookout. Energy-efficient appliances, new Refrigerator and Stove, custom wood cabinets, brushed nickel hardware, 2 car garage, new carpet and freshly painted. In addition, Crestridge at Estates at Cherry Lake offers residents numerous amenities including nature preserves and trails, conservation areas and lakes, community parks, and world-class water recreation. The house is only minutes away from grocery stores and Downtown Clermont. The Sellers are motivated and are offering $5,000 towards the buyer’s closing costs. Seller's current mortgage is assumable with a great interest rate. Don’t miss out, just call me to schedule a private showing.
Source: STELLAR #g5087264
Source: STELLAR #g5087264
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: #g5087264
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.