515 Bluff Pass Dr, Eustis, FL 32726
4 beds · 2 baths · 1,317 sqft sqft
Welcome Home! Enjoy the peaceful, meticulously maintained garden views of your fenced backyard in the well-sought after Mount Dora community, near the quaint town of Eustis, as you relax in this exquisite Horizon Oaks home. Watch the colorful birds in your private backyard oasis among the tabebuia trees and plumbagos, in one of the most updated homes within the neighborhood. With top of the line interior upgrades throughout the home and the private back yard that constantly blooms with lovely foliage, you can be sure to call this a dream home for the whole family to enjoy. This modern, completely updated home boasts 4 bedrooms, 2 full baths, a 2 car garage, a new roof, stainless steel kitchen appliances and Maytag Washer and Dryer. As you enter the home, the foyer opens up into the open concept living room, dining room and modern kitchen, garnished with all stainless steel appliances, and updated lighting. Each room, including the kitchen, has ceiling fans and wood blinds throughout. This home also includes a solar paneled roof system to significantly reduce your electric bill each month. The Master Bedroom suite has a lovely on suite bath and closet, for you to relax and unwind. There are three additional bedrooms with a shared full bath as well. The convenient laundry room leads directly into the 2 car garage with a raised storage space and hooks for bikes. You will find additional storage space in the attic and the new outdoor shed as well. The popular downtown Mount Dora clubhouse boasts pickleball and tennis surrounded by the quaint shops of Mount Dora, dog park, recreation field, playgrounds and miles of walking trails graced by the beautiful Lake Dora views. Enjoy many social events and festivals near both the shops of Mount Dora and Downtown Eustis throughout the year.
Source: STELLAR #tb8307306
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8307306
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.
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: #tb8307306