654 Skyridge Rd, Clermont, FL 34711
7 beds · 4 baths · 4,032 sqft
!!Seller's FHA mortgage is assumable; buyer to cover the remaining balance at closing!! Welcome to your very own slice of paradise! As you walk through the stained-glass front entryway, you'll be captivated by the meticulous attention to detail in this stunning 7-bedroom, 4-bathroom home. This move-in ready property offers numerous upgrades both inside and out, including a gas hot water heater, updated vinyl plank floors, and a modernized kitchen with upgraded appliances such as a gas stove, refrigerator, microwave, updated wood cabinets, an island, and contemporary fixtures. The bathrooms are equally impressive, featuring new vanities with polished marble countertops, new cabinetry, smart mirrors, and an in-home water system. Perfect for entertaining, the spacious floor plan accommodates both casual gatherings with friends and family and more formal social events, ensuring you won't miss any action. The upstairs loft has been transformed into a media center with a projector and screen, ideal for movie nights. The expansive primary suite serves as a private oasis with a magnificent ensuite bathroom featuring a garden tub, separate shower, and vanity. The 3-car garage, complete with a painted floor, built-in workshop, wide driveway, and sculpted lawn, adds to the home's appeal. Conveniently located just minutes from the turnpike, Hwy 27, and SR 50, commuting is effortless. You'll be close to all the attractions that make Central Florida special, including golf, Disney World, Universal Studios, Sea World, and some of the finest dining and entertainment in the country. This home is a must-see and won't disappoint! For a detailed layout, please refer to the provided floorplan.
Source: STELLAR #g5082331
Source: STELLAR #g5082331
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: #g5082331