780 Old Mount Dora Rd, Eustis, FL 32726
3 beds · 2 baths · 1,926 sqft
READY TO MOVE IN NOW. BEAUTIFUL, COZY & WARM. BRAND NEW DECK PUT IN APRIL 2025! Across street from Lake! Home is very light and bright bringing the outside inside with lots of natural light. Completely fenced in and brand new deck!! Three bedrooms and two bathrooms with an open spacious split floor plan and the master on the opposite side from the other bedroom. The bedrooms are very generously sized. The kitchen is open and large with lots of cabinets and a huge island. The Living room is 24 x 12 nice and spacious which opens up to the kitchen. The additional bedrooms are all generously sized. There is also lots of closets and storage through out the home. Recent improvements include the following: new dishwasher, new carpet in bedroom 2 & 3, solar panels (paid off), large handicap ramp in garage, premium refrigerator, large shed in backyard with electrical outlets, family room is wired for sound system capabilities. 4 additional interior air units along with central air that has been serviced and maintained regularly. This dual HVAC system is a very nice upgrade which includes four mini split heating and cooling systems that provide individual temperatures control to the master and one of the two bedrooms. This is a great system because you will never be with out cooling or heating due to mechanical issues. Great Location near highway 441. About 10 minutes from Downtown Mount Dora, Eustis, shopping and restaurants. Only about 25 minutes to downtown Orlando. Close to east coast beaches and attractions. Schedule your showing today!
Source: STELLAR #O6291003
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6291003
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.