650 EAST AVE, Clermont, FL 34711
Introducing a charming home at 650 East Ave, Clermont, FL 34711, now available for sale. This newly listed property presents a wonderful opportunity for anyone looking to become a homeowner in a prime location. Boasting 3 bedrooms and 2 bathrooms, this house offers ample space for families, couples, or anyone in between. Step into a home that combines comfort with style featuring high ceilings and hard flooring throughout its spacious 2100 sqft layout. The kitchen, a standout with its granite counters and rustic distressed flooring, adds a touch of elegance while providing all the necessary amenities for cooking and gathering. Recent updates include a roof replaced in 2023 and an AC system upgraded in the last couple of years, ensuring peace of mind for the new owners. The placement of the house is perfect for those who appreciate convenience and recreation, being within walking distance to the picturesque Clermont lakefront park and nearby shopping, restaurants, and theme parks. Major roads are also easily accessible, making commuting a breeze. Each room in this home is designed with ease and comfort in mind, highlighted by the primary bedroom, which serves as a tranquil retreat. Whether you’re a first-time buyer or looking to relocate, 650 East Ave offers a blend of style, comfort, and convenience that is hard to match. Don’t miss the chance to make this house your new home. Start your new chapter in Clermont, where beauty and convenience meet!
You may be able to put down less than the total down payment amount of $50,773 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6237048
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.