5215 Tanzanite Dr, Mount Dora, FL 32757
5 beds · 3 baths · 2,898 sqft sqft
Seller has an assumable loan at 2.98% This dream home is eligible for USDA 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.
Source: STELLAR #o6237291
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6237291
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: #o6237291
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.