5215 TANZANITE DR, Mount Dora, FL 32757
This dream home is eligible for USDA 100% financing. Situated in the Stoneybrook Hills community, located just 45 minutes from the lively city of Orlando. This remarkable 5-bedroom, 2.5-bathroom residence provides 2,898 sq ft of living space. Upon entering, you’ll be greeted by a bright and airy open floor plan, enhanced by modern ceramic plank tile and abundant natural light. A private office with a striking custom modern wall sits just off the foyer, providing a stylish and functional space for work or study. The heart of this home is the gourmet kitchen, designed with taupe cabinets adorned with crown molding, sleek stainless steel appliances, and elegant quartz countertops. A spacious eat-in island connects seamlessly to the dining and living areas, making it an entertainer’s dream. A sliding glass door leads to the backyard, extending your living space outdoors for gatherings and relaxation. The first-floor Primary Suite is a luxurious retreat, featuring new carpet, a generous walk-in closet, and a beautifully appointed ensuite bathroom. The ensuite includes dual vanities, ample storage, and a large walk-in shower for added convenience. Upstairs, a versatile loft area complements four additional bedrooms, providing ample space for family and guests. As part of the Stoneybrook Hills community, you’ll enjoy exclusive amenities including a park, playground, community pool, and tennis courts, all within a secure, gated environment. This home combines modern elegance with natural beauty, providing the perfect setting for both relaxation and entertaining. Don’t miss the opportunity to make this stunning property your own—schedule a visit today and experience all that this exceptional home has to provide.
You may be able to put down less than the total down payment amount of $115,049 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6237291