5754 Coquyt Dr, Mount Dora, FL 32757
4 beds · 3 baths · 2,420 sqft sqft
**Price Reduction** Seller Motivated! Nestled in the heart of the charming Stoneybrook Hills community, this beautifully maintained 4-bedroom, 2.5-bathroom home offers the perfect blend of comfort and style. Enjoy abundant natural light throughout the spacious interior, featuring a gourmet kitchen with granite countertops, 42-inch cabinets, and stainless steel appliances. The adjacent dinette overlooks a large backyard, ideal for outdoor entertaining. A generous family room, formal dining room, and an additional space for a formal living room or sitting area provide ample room for relaxation and gatherings. Upstairs, you'll find four oversized bedrooms, each with oversized closets. The master suite boasts a luxurious shower and garden tub, creating a spa-like retreat. Stoneybrook Hills offers a resort-style lifestyle with an array of amenities, including a sparkling pool, playground, fitness center, clubhouse, tennis courts, and basketball courts. As a gated community with 24-hour guard-gated entrance, you'll enjoy enhanced security and peace of mind. Just minutes away from the historic town of Mount Dora, you'll have easy access to picturesque lakes, trails, local art galleries, charming restaurants, antique shops, and vibrant festivals. Don't miss this opportunity to make this stunning home your own!
Source: STELLAR #o6235545
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6235545
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: #o6235545