8416 Magnificent Ln, Groveland, FL 34736
3 beds · 3 baths · 1,830 sqft
Get a free consultation call with an expert in the mortgage assumption process.
HUGE PRICE IMPROVEMENT!!! UNDER MARKET VALUE! Stunning 3 bedroom, 2 bath, 2 car garage townhome in Groveland - just minutes to downtown Clermont! This home shows like a model!! From the moment you pull up to this spacious 2 story home, you'll appreciate the extra parking lot across the street as well as the large cul de sac from added privacy at the end of this street. Walking up to the front door, you'll just love the covered courtyard beyond the gate, perfect for quiet mornings to enjoy your coffee and a good book! Right as you enter inside you're greeted with beautiful luxury vinyl floors, high ceilings and elegant crown molding throughout the main living areas downstairs. The kitchen boars of a large island with breakfast bar, perfect for entertaining! The warm tone cabinets go perfectly with the granite countertops and stainless steel appliances. The large window to the courtyard brings in lots of natural light. Across is the dining room with beautiful wood accents and extra lighting. There's even a hidden storage nook under the stairs if you look closely! The guest bath is perfectly decorated with modern finishes. The living room features a beautiful tray ceiling with added recessed lights, giving the room a very grand and elegant feel. The primary suite is just off the back of the home, featuring a tray ceiling with recessed lights and a double window overlooking the golf course that brings in tons of natural light. The ensuite bath features dual vanities with granite counters and upgraded accents on the mirror. The oversized tile shower with a bench is gorgeous with the glass enclosure and bronze fixtures. The enclosed water closet and large walk in closet help complete the room. Upstairs, you're greeted with high ceilings and a bright and airy loft that overlooks the golf course. There are two large secondary bedrooms with great sized closets. The shared hall bathroom features a beautiful tiled tub/shower and window. The vanity is also upgraded with granite counters and modern finishes. If you enjoy outdoor space, you can also enjoy cool evenings in the fully screened in lanai in the bath. You've got private views in the back with no rear neighbors! The best part is this townhome couldn't be more centrally located. Here you're just minutes from the Clermont border, with downtown Clermont just 5 minutes away! You'll be only 4 minutes away from the soon to be revitalized downtown Groveland!! It's truly one of the best spots to be in town! Call today for your own private tour!
Source: STELLAR #O6243581
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6243581
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.
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.
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.
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.
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.
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.