955 Mansfield Rd, Tavares, FL 32778
3 beds · 3 baths · 2,074 sqft
This beautiful property is located in the city of Tavares, with exclusive access to Lake Dora. Lake Dora is a freshwater lake located in Central Florida, It is part of the Harris Chain of Lakes, which includes several interconnected lakes. Lake Dora is known for its scenic beauty, boating opportunities, and recreational activities. This house on Lake Dora, in Tavares Florida is a spacious and luxurious property with three bedrooms, three bathrooms, The interior of the house is designed with an open-concept layout, the living, dining, and kitchen areas were designed with a keen sense for family time. Large windows throughout the house provide plenty of natural light and offer stunning views of the pool, the surrounding landscape and Lake Dora.The kitchen is equipped with high-end appliances, granite countertops, and unique patterns in the design. The house is situated on a large piece of land, providing ample privacy and space for various outdoor activities. A beautiful patio area, perfect for outdoor dining, relaxation, and entertainment, stretches across the back of the house. The property boasts acres of land that lead down to the pristine shores of Lake Dora, making it an ideal waterfront property. The property has a large garage for several vehicles. It also has another 2 Bay fixture that is for storing anything you heart desires. It is apart from the house and has a connection for an RV motor home. The home is close to downtown where fine dining and entertainment awaits. This home was completely Renovated and is an oasis for a family that loves the water life, Complete with a boat slip and Dock. This home is a must see.
Source: STELLAR #s5092299
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5092299
Source: Public records
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: #s5092299
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.