847 BOXELDER AVE, Minneola, FL 34715
Welcome to your stunning, move-in ready home located in the Reserve at Minneola community. This 3-bedroom, 2-bathroom residence is loaded with upgrades and offers a low HOA with access to two community pools. As you arrive, you’ll be greeted by mature, professional landscaping and an expanded driveway. Upon entering, you’ll notice high ceilings, wide hallways, and an abundance of natural light. To your left, you’ll find two guest bedrooms and a bathroom, one of which serves as a versatile flex room perfect for an office or den. The spacious open floor plan that flows into the living area, where a gourmet kitchen awaits. The kitchen boasts quartz countertops, a large island, double ovens, stainless steel appliances, designer light fixtures, and a huge walk-in pantry. Enjoy the incredible views of the community and the scenic hills of Minneola and Clermont from the kitchen, living area and dining area. The primary bedroom is a serene retreat, featuring tray ceilings, ample natural light, and custom Zebra blinds that frame the breathtaking view. The home features tile flooring throughout, with no carpet, walk-in closets in every room and a fenced-in backyard. Additional highlights include a whole-home water filtration system and an extended garage with epoxy flooring. Built in 2020, this home is in excellent condition and comes with a 1-YEAR HOME WARRANTY THROUGH AMERICAN HOME SHEILD. ALSO, THIS HOME CAN BE PURCHASED WITH AN ASSUMABLE MORTGAGE WITH AN INTREST RATE OF 2.75%!!! Conveniently located near Minneola’s Athletic Complex, playgrounds, schools, shopping, biking trails, and just minutes from the FL Turnpike, Hwy 50, and Hwy 27, this home offers both luxury and convenience. Don’t miss the chance to make this exceptional property yours!
You may be able to put down less than the total down payment amount of $198,659 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6223151