6773 CORAL BERRY DR, Mount Dora, FL 32757
Welcome to 6773 Coral Berry Dr., a stunning single-family residence located in the charming town of Mount Dora, FL, 32757. This beautiful home boasts four spacious bedrooms, two full bathrooms, and an additional half bath, providing ample space for your family's needs. Step inside to discover an array of desirable interior features, including ceiling fans for year-round comfort and a well-designed layout that offers both functionality and style. The kitchen, complete with solid granite counter tops and solid wood cabinets, seamlessly flows into the family room, creating a perfect space for gatherings and entertaining. Enjoy your meals in the cozy eating space in the kitchen or in the separate dining room area. The primary suite is a true retreat, featuring a walk-in closet for all your storage needs. This home also comes equipped with essential appliances such as a dishwasher, dryer, microwave, range, refrigerator, and washer, making everyday living convenient and effortless. Outside, the property includes a 2-space attached garage, providing secure parking and additional storage. The community enhances your lifestyle with fantastic amenities, including a playground for the little ones, a refreshing pool for those hot Florida days, and well-maintained sidewalks for leisurely strolls or morning jogs. 6773 Coral Berry Dr. offers a perfect blend of comfort, convenience, and community living. Don't miss the opportunity to make this wonderful house your new home!
You may be able to put down less than the total down payment amount of $142,569 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: #o6207027