12512 SE 91st Terrace Rd Summerfield, FL 34491
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About this home
A house of this caliber does not hit the market often. This was meant to be their dream home but times have changed so make it your dream home. This one checks many of the boxes for "wants & needs" for many buyers. Upgrades galore! Great curb appeal. The courtyard is great for entertaining and very dog friendly. This home is concrete block and stucco and features both a breakfast nook and formal dining should you desire to have that or with this open floor plan...flex the space however you need/want it. All of the flooring has been replaced with matching LVP throughout. Designer remote ceiling fans throughout. Interior recently painted including trim. Window treatments are Plantation Shutters or custom cellular blinds. The kitchen has granite counter tops with tile backsplash. Newer stainless steel appliances (microwave 11/2025), closet pantry, island, breakfast bar and a nook overlooking the courtyard. The living room/dining room combo is a great space and a stone electric fireplace with custom bookcases has been added for storage and memorabilia. Another exciting feature is that the lanai has been enclosed with glass windows, a mini split for climate control and also feature the LVP flooring. Talk about a great "Man Cave" and adds another 384 square feet to the living area that is not reflected in the Marion County property appraiser's website. Does football parties come to mind? The summer kitchen complete with mini fridge and gas and charcoal grills with awnings is right outside the door. The primary suite is huge so if you are looking for space, this is the home for you. It also features a bay window with custom bench storage and a door that leads to the lanai. Primary bath has been completely redone and has a wheelchair accessible shower so not only beautiful but functional. The guest bedroom and bath are sure to delight even the pickiest visitors. A den is located off of the entry way and boasts French doors for privacy. Inside laundry room with storage cabinetry. Extended garage with golf cart bay with privacy screen with built-in door for the 2-car garage, newer garage door openers, deep utility sink and pull-down storage. HVAC 2018, Shingles 2021, re-piping in attic June 2020. Irrigation well on this property shared with neighbors. This home is located in the award winning gated community of Del Webb's Spruce Creek Golf and Country Club. It features 4 - 9 holes golf courses, 3 pools, softball field, Veterans Memorial, outdoor pavilion, bocce ball, pickleball and tennis and numerous clubs and other activities. Make it home today
Source: STELLAR #G5103473
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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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