6029 Avocado Dr, Indian Lake Estates, FL 33855
2 beds · 2 baths · 1,853 sqft
This beautifully updated canal-front home in Indian Lake Estates offers the perfect blend of comfort and outdoor living. The property boasts a stunning double-decker dock with a boat lift, cleaning station, live well, and a spacious upper deck patio, perfect for entertaining or relaxing by the water—truly a fisherman's dream. Inside, the main living area features a cozy fireplace, while the updated kitchen includes a convenient coffee bar and updated cabinets and finishes. The Florida room, with its expansive windows, fills the home with natural light and offers tranquil canal views. Both bedrooms are thoughtfully designed with dual closets, and the bathroom has been tastefully updated for a modern feel. With a new AC system in 2024, you'll be able to stay cool on those warm summer days! Outdoor living is equally impressive with a screened patio overlooking the canal, leading to a charming paved outdoor space ideal for cookouts and more! Additional highlights include an extra long, oversized three-car-wide driveway, a large carport, a 20x10 shed for storage, and a converted garage offering flexible use. Additionally, the electrical panel has been upgraded with a 200-amp panel, and the home comes with a whole-home water filtration system. Nestled in the vibrant Indian Lake Estates community, residents enjoy a variety of activities, from karaoke parties and live music to golfing and seasonal events like cookies with Santa. The community also features a bar and grill, security, recreational facilities, and activities such as bingo, line dancing, painting classes, and more. With something for everyone, this is Florida living at its finest. This home is listed according to appraised value. Easy to view—schedule your showing today!
Source: STELLAR #l4949439
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4949439
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: #l4949439
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