74 Spanish Oak Ln, Apopka, FL 32703
3 beds · 2 baths · 1,534 sqft
One or more photo(s) has been virtually staged. *Back on Market-Buyer did not qualify* ASSUMABLE FHA MORTGAGE AT 3.25% AVAILABLE! Beautiful CORNER LOT home in Lake Brantley/Seminole County school district! This gorgeous home is nestled in the Wekiva/Hunt Club area, and is just minutes to shopping, dining, and recreation. Step inside to find a functional, light and bright floor plan with NEW LUXURY VINYL PLANK flooring throughout, formal dining room, vaulted ceilings in the family room, with a cozy wood-burning fireplace featuring white-washed brick and wood mantle. The kitchen features STAINLESS STEEL APPLIANCES, solid surface counters, and an open concept layout perfect for entertaining. Work from Home? The Florida Room is a wonderful addition offering flexibility to your living space and features a separate room for an OFFICE, playroom, or even a small 4th bedroom! The large Primary bedroom is light and bright with walk-in closet. The secondary bath has been updated with new tub, new tile, plumbing, lighting, and fixtures. The whole house has been freshly painted, giving the home a clean and welcoming feel. Outside, you'll find a fenced yard with wood deck and separate concrete patio perfect for a fire pit or hot tub. Additionally, you have access to the private community 9 1/2 acre park with a freshwater lake and wooded areas. Main ROOF (2015); flat ROOF (2024); NEW HVAC CONDENSER (2024); NEW ELECTRICAL PANEL (2024); WATER HEATER (2016). Don't miss out on this opportunity to own a piece of paradise! Call now to schedule a viewing and make this house your new Home Sweet Home!
Source: STELLAR #O6262115
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #O6262115
Source: Public records
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 resourcesWhat 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.