1317 E 2nd Ave Mount Dora, FL 32757
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About this home
Charming 1925 Mount Dora Craftsman with Fully Renovated In-Law Suite, inside and out- | No HOA/ NEW ROOF 10/25 completed! (the main house is 4 bed 2 bath home) Welcome to this timeless 1925 Craftsman-style beauty just blocks from historic downtown Mount Dora and the sparkling shores of Lake Dora. This 5-bedroom, 3-bath home (includes in law suite) combines original architectural charm with modern updates, sitting proudly on over a quarter-acre with no HOA — offering rare flexibility and lifestyle freedom. Step inside to discover: Original Oakwood floors and rich historic character Cozy gas fireplace in the living room Updated kitchen with gas stove Renovated bedrooms and bathrooms with fresh paint inside and out Brand new architectural shingle roof being installed 10/25 Gas water heater (just 2 years old) What makes this home truly unique is the fully separate, recently renovated mother-in-law suite — a spacious 700 sq. ft. 1-bedroom, 1-bath retreat complete with its own kitchen, living room, and office or nursery. Ideal for extended family, a private guest space, or income-producing rental potential. Outside, enjoy a cute fire pit area and mature landscaping, perfect for entertaining or unwinding under the stars. Location Highlights: Walkable to downtown Mount Dora’s shops, restaurants, and festivals Minutes from Lake Dora for boating and scenic views Easy access to major highways and toll roads Only 45 minutes to Orlando’s theme parks Close to natural springs, dog parks, playgrounds, and top-rated schools This home is a rare blend of historic elegance, modern comfort, and multi-generational flexibility— all in one of Central Florida’s most desirable communities.
Source: STELLAR #O6347185
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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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