8673 Bridgeport Bay Cir, Mount Dora, FL 32757
3 beds · 2 baths · 2,723 sqft
Under contract-accepting backup offers. WHY BUILD AND WAIT? THIS LIKE NEW HOME IS A STEAL OF A DEAL @ $218 SQ FT AND READY NOW! Welcome to this exquisite 2020-built home nestled in the highly desirable gated 55+ Lakes of Mount Dora community. This ever so popular Palm Island Design will blow you away! This meticulously designed residence offers 3 bedrooms, 2 bathrooms, plus an office/bonus room, ideal for versatile living. Key Features Include: Bedrooms & Bathrooms: Three spacious bedrooms including a large primary suite with private access to the expansive lanai. The en suite bathroom features double sinks, a soaking tub, and a walk-in shower for luxurious comfort. Office/Bonus Room: Conveniently located with glass sliders leading to the lanai, perfect for work or relaxation. Open Concept Living: The heart of the home boasts an open concept layout with the kitchen centrally positioned. It showcases a substantial quartz island, countertops, and top-of-the-line appliances, ideal for culinary enthusiasts and entertaining. Accessibility: Guest bedrooms feature 36" wide doorways, ensuring handicap accessibility and comfort for all residents and guests. Lanai: Expansive outdoor living space accessible from multiple areas of the home, providing a seamless blend of indoor-outdoor living. The Lakes of Mount Dora has many amenities for your use, including a 18,000 sq ft club house that offers large library room, billiard room, arts/craft room, card/game room, and fitness center along with the social hall where many events and activities are held. Plenty of clubs for those who like to be social. Outside the club house you'll find a resort style pool with hot tub, walking trail, bocce ball and croquet lawn, pickle ball and tennis courts as well as an outdoor fire pit for social gatherings. Besides all this, your monthly HOA fee also includes cable and internet, gated RV/Boat parking, and reclaimed sprinkler water. 10 minutes away is the picturesque town of Mount Dora with all the festivals and quaint restaurants, unique shops, gorgeous sunsets over Lake Dora, boat tours, etc., there is something for everyone! Less than an hour from Disney/Orlando. When you see it you will love it! Call for more details!
Source: STELLAR #g5083682
Source: STELLAR #g5083682
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: #g5083682
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.