7670 Modica St, Clermont, FL 34714
4 beds · 3 baths · 2,924 sqft
DO YOU WANT AN INTEREST RATE AROUND 4%?? SELLER IS OFFERING A 2/1 BUYDOWN ON YOUR MORTGAGE WHICH WILL LOWER YOUR INTEREST RATE FOR THE FIRST TWO YEARS YOU OWN THE HOME! SAVE 2% ON YOUR INTEREST RATE THE FIRST YEAR - ALMOST $800/MONTH AND 1% THE SECOND YEAR - $400/MONTH! THEY WILL ALSO PAY $5,000 TOWARD CLOSING COSTS. Why wait to build when you can own this stunning, better than new 4-bedroom, 2.5-bath home with an office and loft, perfectly situated on a private lot with no rear neighbors, backing up to a serene retention area. Lived in for less than a year, this home is in pristine condition and boasts over $100,000 in luxurious upgrades. From the moment you arrive, the beautiful stone front façade and paver driveway and walkway create an inviting first impression. The large, fenced backyard offers ample room to design your dream pool, with a paver walkway extending from the front yard to the gate. Step inside through the charming covered front porch, where luxury vinyl plank floors flow seamlessly throughout the main level. The spacious foyer features a drop zone/mudroom for convenient storage. The open-concept living space includes a bright and airy dining area, living room, and a chef’s dream kitchen. The kitchen is a true showpiece, with under-cabinet lighting, quartz countertops, stainless steel appliances, a subway-tile backsplash, and a large counter-height island with pendant lighting perfect for casual dining. The kitchen also offers a pantry with custom shelving and an additional storage closet, ideal for a second pantry. Adjacent to the living area, a dedicated office space provides a quiet retreat with views of the backyard. The first floor also includes a half bath and a functional laundry room equipped with built-in cabinetry and a quartz-topped folding station for added convenience. Upstairs, plush upgraded carpeting guides you to a spacious loft, perfect for additional living space. The primary suite is an impressive retreat, featuring a separate sitting area ideal for a home gym, nursery, or private relaxation space. The en-suite bath is beautifully appointed with a double-sink quartz vanity, a glass enclosed shower, and a large walk-in closet with a custom closet system. Additional upgrades in the primary suite include a Brondell Swash toilet seat for a spa-like experience. The remaining bedrooms are generously sized and share a well-appointed second full bath with a double quartz vanity and another upgraded toilet seat. Outside, enjoy the peaceful view from the screened lanai, overlooking the expansive backyard, which extends along the side of the house. The home is packed with modern conveniences, including smart features such as WiFi-enabled lighting, a doorbell camera, a smart thermostat, a WiFi garage door opener, and a front door keypad. Ceiling fans with remote controls are installed in every room, and thoughtful touches like nightlight outlets throughout the hallways and bathrooms add to the home’s charm. The garage and lanai floors have been upgraded with durable Polyaspartic floor coating, and the exterior is equipped with gutters for added functionality. Located just across from Lake Louisa State Park, this home is surrounded by natural beauty and offers easy access to outdoor adventures such as swimming, boating, hiking, and biking. The Ridgeview community, conveniently located on US 27 with nearby SR 429 access, is next to the upcoming Olympus Sports Project, promising future recreational opportunities.
Source: STELLAR #o6263409
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6263409
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #o6263409
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.