5205 Cape Hatteras Dr, Clermont, FL 34714
4 beds · 3 baths · 3,111 sqft
One or more photo(s) has been virtually staged. Welcome to 5205 Cape Hatteras Dr. This welcoming 4 bedroom 3 bathroom home invites you through its double door entry into the living room and dining room areas with tall ceilings and crown molding, where you can host family and friends gatherings with ease. The spacious and newly remodeled kitchen offers a beautiful range hood, an island and room for a breakfast table. It has access through the dining room as well as from the family room, which will wow you with its amazing views thanks to the sliding glass doors which allow plenty of natural light and give you access into the spacious backyard, which backs up to a wooded area, giving you lots of privacy. A guest bedroom and bathroom are conveniently located downstairs with access from, both, the stairs and family room. Find the master and remaining bedrooms upstairs and take advantage of its large bonus room right outside the master bedroom and enjoy the lake views while relaxing there. The master bedroom features an ensuite bath with dual sinks, water closet, bathtub with separate shower, and a spacious walk in closet! It is the perfect retreat. So many recent upgrades to this home! New roof from 2023; facia, window screens and gutters replaced in 2024; kitchen remodeled, new appliances, new HWH and all 3 bathrooms remodeled in 2021; AC replaced in 2020 (1 unit that runs on a baffle system - each floor runs separately/independently); storage racks and cabinets in garage added in 2020. The community of Tradd’s Landing has a swimming pool, playground, and dock. The location is central off of US-27, easy to get to all Central Florida! Call us for a private showing today!
Source: STELLAR #o6208601
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6208601
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.
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: #o6208601
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.