649 Black Eagle Dr, Groveland, FL 34736
5 beds · 3 baths · 2,524 sqft sqft
Location, location, if you’re looking for a property with a waterfront location and plenty of wildlife to watch while enjoying your morning coffee or tea this is the home for you. Enjoy one of the largest oversized lots available on Cook Lake. This waterway leads directly into Cook lake and from there through the chain of lakes all the way to Lake Louisa. The waterway is 12 feet deep. This home is a 5 bedroom, 2.5 baths. Open floor plan with the family room open to the kitchen which boost of 42” Espresso color maple cabinets and sand palace quartz counter tops w/beveled edge,, 9’ 4” ceilings, breakfast bar that sets 4 with comfort, stainless steel appliances, 17” x 17” ceramic tile floors except bedrooms. Split bedroom plan, built in desk area in back hallway. The Primary suite has a walk in shower and soaking tub with large walk in closet, separate water closet. Double vanities in both guest & primary baths. Thermo pane windows, exterior has stone facade, irrigation system, Fire pit, window treatments are 2” white PVC blinds, colonial baseboards, recessed lighting in kitchen + pendent above breakfast bar area, knockdown textured ceilings & orange peel walls, large spacious laundry room, brick pavers on driveway, CPVC plumbing with whole house water softener and a reverse osmosis for kitchen sink, HVAC heat pump, this home is filled with builder upgrades. The 5th bedroom can double as an office or multi purpose room. This home is a single story with 2,524 under air square footage and 3,112 total. No rear neighbors. Great views, a MUST SEE!
Source: STELLAR #t3535798
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3535798
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 30-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: #t3535798
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