5215 Tanzanite Dr, Mount Dora, FL 32757
5 beds · 3 baths · 2,898 sqft
One or more photo(s) has been virtually staged. OWN THIS SOLAR-POWERED, LIKE NEW BEAUTY WITH 100% FINANCING AVAILABLE! The seller is also offering a FHA ASSUMABLE LOAN AT JUST 4% interest rate! Nestled in the highly sought-after Stoneybrook Hills Gated Community, this spacious 5-bedroom, 2.5-bathroom home boasts nearly 3,000 sq. ft. of living space sitting in almost a QUARTER ACRE. As you step inside, you’re welcomed by a bright and open floor plan bathed in natural light, highlighted by modern ceramic tile flooring throughout the main areas. Just off the foyer, a flex space with a custom modern accent wall offers the perfect spot for a home office or study. The heart of this home is its gourmet kitchen, featuring taupe cabinets with crown molding, quartz countertops, sleek stainless steel appliances, and a large eat-in island that seamlessly connects to the dining and living areas—an entertainer’s dream! Step through the sliding glass doors into your backyard oasis, ideal for gatherings and outdoor relaxation. The luxurious first-floor Primary Suite is a true retreat, complete with brand-new carpet, a spacious walk-in closet, and a spa-like ensuite bathroom featuring dual vanities, ample storage, and a large walk-in shower. Upstairs, a versatile loft serves as a second living area, surrounded by four generously sized bedrooms, perfect for family or guests. As a resident of Stoneybrook Hills, enjoy an array of exclusive amenities, including a community pool, park, playground, tennis courts, and more—all within a secure, gated community.This home blends modern elegance with practicality, making it the perfect place for relaxation and entertaining. Don’t miss your chance to own this stunning property! Schedule your private tour today and make this dream home yours. Offering a lender credit towards closing costs or interest rate buy-down when client uses the preferred lender ACE Lending Group. ASK ME HOW?!
Source: STELLAR #O6268674
Financials
Source: Public records
Source: STELLAR #O6268674
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.