1371 Cavender Creek Rd Minneola, FL 34715
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About this home
Welcome to 1371 Cavender Creek, situated in the charming Ardmore Reserve Community in Minneola, Florida. This beautifully upgraded RANCH HOME features 4 bedrooms and 3 full bathrooms, thoughtfully designed with both style and practicality, and boasts a three-zone split floor plan, offering excellent privacy and versatility. The heart of the home is a GOURMET KITCHEN, boasting 42-inch cabinets, an extended GRANITE COUNTERTOP with additional storage, a double oven, a gas cooktop, and a wine refrigerator, which is perfect for hosting guests. Adjacent to the kitchen, the OPEN-CONCEPT LIVING ROOM impresses with a stacked STONE ACCENT WALL and dramatic DOUBLE TRAY CEILINGS. Custom barn doors provide access to a covered lanai and a fully equipped OUTDOOR KITCHEN, which is ideal for enjoying Florida living throughout the year. The 3-car garage has been upgraded with enhanced lighting and premium flooring, offering ample space for storage, hobbies, and other activities. The spacious primary suite provides a relaxing retreat, complete with its own double tray ceiling and a spa-like ambiance. Throughout the home, details such as SHIPLAP ACCENT WALLS in the foyer and dining area add charm and character. Additional upgrades include a TANKLESS WATER HEATER, an Aqua Sauna system with a 10-year filter, STONE countertops throughout, laminate flooring in main area, a zip tie roof system, EV Charge Point Level 2 charger, fenced backyard and premium finishes. Furthermore, the property is conveniently located near top-rated schools, shopping, dining, and major highways, with easy access to downtown Orlando, the airport, and numerous other amenities.
Source: STELLAR #O6331424
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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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