VA loan
1 of 28
VA loan
$270,000

709 Maple Ave, Fruitland Park, FL 34731

3 beds · 2 baths · 1,032 sqft sqft

Seller is entertaining All Reasonable Offers! Come see for yourself what this home has to offer! Welcome to 709 Maple Ave. This home has been loved by only one family from the very beginning. Now it's your turn to be the next proud owner. The home sits on an oversized partially fenced in lot and is close to everything. This block home was built in 1979 with 3 bedrooms, one full bathroom, one half bathroom and a 1 car garage. In the past 2 years there have been tons of updates throughout the home to include a newer roof, a newer AC system with UV lighting, water softener system and all new luxury vinyl floors throughout the entire home. Wait until you see the completely made over Kitchen. You now have an abundance of new cabinetry for storage, new countertops, new stainless-steel appliances to include a gas stove, backsplash and all new lighting. The Primary bedroom has the en-suite half bathroom. There is fresh paint on the walls, all new floor trim, new windows and new exterior doors. Both bathrooms have been made over with new vanities, lighting and a new shower. The oversized lot has a fully fenced in backyard and the storage shed stays with the home. There is no HOA and you are centrally located close to major highways, shopping, restaurants and The Villages. Do not wait, Schedule your Private Showing Today! All information recorded in the MLS is intended to be accurate however, it should be independently verified by buyer and their agent. Do not forget to check out the Virtual Tour!

Interest rate 3
3.89%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$509
With Roam
$672
Reduce your monthly payments by $162 when you assume this mortgage.
You also save $53,562 in total interest paid.

$166,798
Edit

You may be able to put down less than the total down payment amount of $166,798 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,032 sqft
Lot size
0.34 acres
Year built
1979
Type
Single Family Residence

Source: STELLAR #g5083594

Loan
Remaining term
27 years, 6 months
Rate
3.89%
Monthly P&I
$509
Remaining loan balance
$103,201

Source: Public records

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?

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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.

Will an assumption work for me?

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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?

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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.

View all FAQs
Last updated: Oct 24, 2024 08:05 am
Listing agent: Amanda Harrison (407) 741-3547
Listing provided courtesy of: HARRISON REAL PROPERTY GROUP (407) 741-3547
Details provided by STELLAR and may not match the public record.
MLS ID: #g5083594
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 © 2024 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 45 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.
$509/mo
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