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$388,900

70 Jett Loop, Apopka, FL 32712

4 beds · 2 baths · 1,884 sqft

BACK ON THE MARKET, financing fell through! Welcome to this beautifully maintained 4 bedroom, 2 bath home, thoughtfully updated for modern comfort and style. It is located in the quiet community of Spring Harbor. The residence features a roof installed in 2017, ensuring durability and peace of mind. The kitchen is a highlight, with sleek tile work from 2020 and contemporary cabinets added in 2021, creating a functional and attractive space. Recent upgrades include a new refrigerator and dishwasher installed in 2023 and 2024 respectively, while the water heater tank is also new as of 2024. Additional updates enhance the home's overall appeal, including an efficient A/C unit from 2020, fresh interior paint from 2020, and a new exterior paint job completed in 2021. The flooring, updated in 2018, provides a stylish and durable foundation throughout. Outside, the pavers installed in 2020 add a polished look to the outdoor area and a fenced backyard. Pest control treatment is regularly maintained for added peace of mind. This home combines modern conveniences with thoughtful upgrades, making it a welcoming and comfortable retreat. Don't let this opportunity pass you by, schedule a private viewing today!

Estimated
Seller's interest rate
4.88%
7%
Estimated
Principal & interest
$578/mo.
$669
You may also save up to $17,643 in total interest paid.
Listing price
$388,900

Your cash down payment
$311,056
Seller’s estimated current equity is $311,056
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $578 monthly payment

Financed
$77,843
Assumed mortgage 4.88% • Seller's rate
$77,843
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Location
Details
Home
Size
1,884 sqft
Lot size
0.13 acres
Year built
2001
Type
Single Family Residence

Source: STELLAR #o6234128

Loan
Remaining term
16 yrs and 3 mos
Rate
4.88%
Monthly P&I
$578
Remaining loan balance
$77,843

Source: Public records

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%. 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.

Other resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Jan 13, 2025 09:45 am
Listing agent: Jonalyn Davis (954) 609-8907
Listing provided courtesy of: DALTON WADE INC (888) 668-8283
Details provided by STELLAR and may not match the public record.
MLS ID: #o6234128
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$578/mo
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