916 White Oak Way, Minneola, FL 34715
3 beds · 2 baths · 2,104 sqft
Get a free consultation call with an expert in the mortgage assumption process.
DON'T MISS THIS OPPORTUNITY! GREAT HOME IN A GREAT LOCATION! Three bedroom home with office that can easily be converted to a fourth bedroom! Natural lighting galore in this open floor plan that is great for entertaining! A great one story plan spanning over 2,100 square feet of living on an oversized home site. When approaching the home you are greeted by a gorgeous front yard with beautiful mature landscaping as well as a welcoming huge front porch where you can spend mornings, afternoons or evenings. This home offers new HVAC System installed end of 2021, high ceilings, detailed arches, columns, niches and much more. From the front door when you walk in you look straight through to the great room and then outside through the screened lanai to the large fully fenced backyard! This home has a spectacular design! When you enter the back patio you are greeted by a large backyard yet secluded, private oasis with beautiful landscaping and tons of yard space to do anything your heart desires! You can sit out back to take in nature and beauty as the rolling hills of Minneola give you room for a beautiful distant scenery with just the occasional sounds of birds chirping. It truly is the best of both worlds! This home is nestled in the beautiful neighborhood of Highland Oaks which has just now approved the addition of a play ground for the community! Come visit this beautiful home in this warm, friendly neighborhood because you are sure to want to stay forever! Zoned for the brand new Aurelia Cole Academy K-8! Located just moments from access to the Florida Turnpike, the new Publix Shopping Plaza, CVS and much more! Located just moments from the future Minneola Town Center which will have all kinds of retail shopping, restaurants and much more. You are just a couple of moments from the rolling hills of Clermont, Lakeridge Winery and Southlake Hospital as well. Convenient to all of this yet tucked away in a rural setting! Roof is original but is in good condition and free of leaks as it has been inspected by a local licensed roofing contractor and they have confirmed that roof is in good and insurable condition. Current insurance quote available upon request. Seller's preferred lender is giving a free 1% rate buy down for one year, waived lender fees and no closing costs re-finance! Seller has an assumable mortgage. Sellers rate is currently 2.99%.
Source: STELLAR #o6120429
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #o6120429
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 and Equal Opportunity Act.