7149 Dilly Lake Ave, Groveland, FL 34736
4 beds · 3 baths · 2,581 sqft
LARGEST 1 STORY IN THIS PRICE POINT WITH LAKE ACCESS & RESORT AMENITIES! The Newcastle Floor plan by Lennar is SOLD OUT!!! Built in 2022, this sprawling one story has 4 bedrooms, 3 full baths and over 2,600 sq ft of living space! This amazing neighborhood has more for the money than any other! Live in a direct lake access resort style community that sits on the shores of Lake Emma, part of the North Chain. Enjoy picnics and fishing off the dock just a short bike ride from your front door! Afterwards cool off in the amazing pool and splash pad! This playful community has family friendly events year round as well as a clubhouse, fitness center, playground and dog park! Truly the most amenities, square footage and perks for the price point!!!!! This attractive and functional floor plan all centers around a massive great room giving the formal dining room, kitchen, dinette and covered lanai have a cohesive flow. An ideal place for entertaining with high ceilings and plenty of elbow room! Large glass sliders and multiple windows peer out towards the fenced backyard and the hilly terrain of the Cherry Lake Tree Farm! You’ll absolutely love the clean lines of the white kitchen with tons of storage, a huge island and breakfast bar. Gray quartz countertops are the perfect pairing and look fantastic with the neutral wood look tile. The primary bath has a lovely walk in shower, dual sinks, private lavatory and his and hers closets, always a plus! The home is a 3-way split with 2 bedrooms sharing a bath just off the foyer and another sizable room with ensuite bath and walk-in closet! Both bathrooms have pretty vanities and shower/tub combos! Guests have access to 2 of the 3 baths without walking through a bedroom. The long foyer adds privacy upon entering and is a great spot for all your treasured photos and artwork. Another nice aspect about newer construction is that all the components are practically new, the energy efficient aspects of construction from roof, to walls and windows! Home was equipped with solar from day one, assuming this is just $65 a month and the owners have had power bills between $100-$150 in the hotter months! There's also plenty of storage between multiple linen closets, old fashioned coat closet and 3 car garage (no longer available with the new construction homes)! Let’s talk a bit more about location! Named “The City with Natural Charm”, Groveland is known for its vast acres of ranch land, true country living and quaint neighborhoods with a low key, hometown feel. Located just minutes from Florida’s Turnpike with easy access to Orlando and surrounding cities! Also located just off Hwy 19 is the public boat launch just off Lake Lucy, the perfect lake to enjoy fireworks from Clermont, Groveland and Mascotte, not to mention the gorgeous unobstructed starry nights! No bright lights here, you can truly get away from the hustle and bustle of city life AND be close enough to all of life’s conveniences and resources! Groveland was nationally recognized as a “Dark City”…meaning they are one of the top cities in America with low “light pollution” at night! Guessing Vegas is on the other list!!! Speaking of Vegas, you can bet you’ll be pleased with your choice to live here! Don’t “dilly dally” and schedule a showing!
Source: STELLAR #O6275547
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6275547
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.