Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 53
VA loan
$729,000

7592 Syracuse Dr, Clermont, FL 34714

6 beds · 5 baths · 4,435 sqft

Discover your dream home at 7592 Syracuse Dr, nestled in the serene community of Ridgeview! Resort style pool with splash pad, covered playground and pool are amazing amenities here. This beautifully designed residence offers the perfect blend of comfort and luxury, featuring spacious living areas, modern finishes, and a host of premium amenities such as a gourmet kitchen with huge island and a bonus room upstairs. The yard is fenced with luxurious beige vinyl. The interior has been upgraded with a butler’s pantry, kennel and 3 beautiful accent walls! There is enough room here for just about any family with 6 bedrooms and 4.5 bathrooms. The master bedroom is enormous and has enough room to add an office, nursery or library. The master bath is just as large and has a huge tub and walk in closets. There is also an office/flex room as well as a formal dining room. Luxury vinyl flooring covers the 1st floor which is perfect for durability! Enough room for all the cars and toys, with a large 2 car garage and a separate 1 car garage all at the end of a long driveway. Enjoy the tranquility of a picturesque neighborhood while being just minutes away from the attractions, shopping, dining, and entertainment. Located just across the street from Lake Louisa state park. You can see it from your home! Enjoy bicycling, boating, camping, glamping, horseback riding, hiking and fishing. The Olympus project will be right next door to this community. Schofield Rd is just behind this community with direct access. This is the new road that connects Winter Garden and Clermont. With its inviting ambiance and prime location, 7592 Syracuse Dr is more than just a home; it's a lifestyle. Come see for yourself why this stunning property is the ideal place to call home! Assumable mortgage!

Estimated
Seller's interest rate
3.55%
7%
Estimated
Principal & interest
$2,748/mo.
$3,945
You may also save up to $391,513 in total interest paid.
Listing price
$729,000

Your cash down payment
$153,546
Seller’s estimated current equity is $153,546
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,748 monthly payment

Financed
$575,453
Assumed mortgage 3.55% • Seller's rate
$575,453
2nd mortgage 9.25% • No prepay penalty
$0

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
4,435 sqft
Lot size
0.17 acres
Year built
2022
Type
Single Family Residence

Source: STELLAR #s5107210

Loan
Remaining term
27 years, 3 months
Rate
3.55%
Monthly P&I
$2,748
Remaining loan balance
$575,453

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.

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?

expand content

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: Dec 21, 2024 09:55 am
Listing agent: Eric Roman, PA (407) 342-5594
Listing provided courtesy of: COLDWELL BANKER RESIDENTIAL RE (407) 647-1211
Details provided by STELLAR and may not match the public record.
MLS ID: #s5107210
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 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.
$2,748/mo
View details