847 Boxelder Ave, Minneola, FL 34715
3 beds · 2 baths · 1,950 sqft
Under contract-accepting backup offers. 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!
Source: STELLAR #o6223151
Source: STELLAR #o6223151
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: #o6223151
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.