6224 Lantana Dr, Indian Lake Estates, FL 33855
3 beds · 3 baths · 2,387 sqft
Under contract-accepting backup offers. WATERFRONT HOME on one of the great 7500-acre bass fishing lakes in Central Florida. This property has a boat house with a new roof, 2 boat slips and a screened lanai overlooking the canal. If you enjoy nature, you will enjoy viewing deer, turkey, and sand hill cranes along with the natural beauty and tranquility of this beautiful property. Indian Lake Estates is a gated community located along the east side of Lake Walk-In-Water. The community also boasts an 18-hole golf course, tennis courts, shuffleboard courts, and a 23,000 SF clubhouse. This recently remodeled home has a circular driveway, a side entry 2 car garage plus a continuous driveway that leads back to the 20' x 24' 2 car carport and there is a 6' x 20' storage utility area behind the carport. This home has it all, waterfront with an open floor plan between the living room and kitchen and 2 sets of triple sliding glass doors that open onto the large 16’ x 32’ enclosed Florida room providing all these rooms with an amazing waterfront view. The remodeled kitchen with solid surface counters, coordinating glass back-splash, new white cabinets, ceramic tile flooring and stainless-steel appliances is a dream. Additional upgrades include 2015 roof, newer flooring, newer hot water heaters, 2020 paint inside and outside and 2 bathrooms have been recently remodeled with new lighting, vanities, sinks and faucets and 2022 new doubled pane windows, 2023 Air Conditioner. The location of the 3rd bath allows easy access if you are coming in from the lake amazing waterfront view.
Source: STELLAR #p4932508
Source: STELLAR #p4932508
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: #p4932508
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