9342 Oglethorpe Dr, Groveland, FL 34736
4 beds · 2 baths · 1,873 sqft
***PRICE REDUCED! SELLER IS OFFERING $5,000 CREDIT TO BUYERS!*** This 4-bedroom, 2-bathroom gem promises comfort and style. Step into the spacious foyer, where you'll find the first bedroom, perfect for a guest room or a home office. The hallway seamlessly transitions into an inviting kitchen and a combined living/dining area, complete with appliances, washer, and dryer. From the main living space, a hallway leads to two additional bedrooms and a full bathroom. On the opposite side of the house, discover the sunlit owner's suite featuring a walk-in closet, a stand-up shower, and a double vanity. The rooms are carpeted for comfort, there is LVP flooring in the living area, and tile in the bathrooms and laundry. The backyard features a covered paved patio, perfect for relaxing, social gatherings, and BBQs—plus, no rear neighbors for added privacy! To complete your privacy in the backyard, all you need to do is add one side of the fence. Cypress Oaks community features a community pool, kids playground, dog park, and direct access to the South Lake Trail, which runs along the front of the community. You can enjoy hiking, biking, walking, or rollerblading on this scenic byway along Lake Minneola and Hiawatha Park. Additionally, you'll have easy access to shopping and restaurants, hospitals, and nearby Highway 50, Don't miss out on the chance to make lasting memories in this charming home. Call for a private tour today!
Source: STELLAR #g5082512
Source: STELLAR #g5082512
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: #g5082512
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.