103 Crest Ct Lake Placid, FL 33852
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About this home
Large home on Nice Canal to Lake Francis! New Roof 2024! Located on a cul-de-sac with just a few homes, this location offers privacy and serenity, while being only a few minutes from either Lake Placid or Sebring! 90' on Canal! The house is very spacious, with larger ceramic tile in most areas. Main Bedroom has carpet and tile, guest rooms are carpeted. The living and dining areas are open and expansive. Kitchen has an efficient layout with a nice pantry! Laundry area just around from the kitchen through the hall. There is a convenient 1/2 bath off the hall. The split floor plan provides privacy for you, as well as guests. The spacious Main Suite features a very nice sized bedroom, bathroom with Garden tub and in Shower. Large close and dressing area will accommodate a lot of clothing and accessories! The two secondary Bedrooms are off the Living area. The nice Bedrooms have a Bathroom in between. Open the backdoor to the screened porch and be greeted by a very nice cross breeze while enjoying the canal view. Fish right in your backyard, or take a short boat ride to beautiful Lake Francis, a 500+ acre lake offers some great fishing. According to an article from The Angler magazine, there are some deeper holes in the lake, and besides Bream, Crappie and Catfish, several Bass 10+ lbs. have been reported. Schedule your showing today! Large garage for your vehicle and water toys!
Source: STELLAR #L4955941
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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