16780 Meadows St Clermont, FL 34714
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About this home
One or more photo(s) has been virtually staged. FOR SALE/FOR LEASE **LEASE-TO-PURCHASE ALSO AVAILABLE** **ASSUMABLE LOAN: **You could save $488/month by assuming this seller's loan! That's $17,568 kept in your pocket in the first 3 years alone! Seller has an assumable 4.62% Interest Rate FHA Loan (with a balance of ~$407,000.00) (See MLS attachment for mort statement...savings compared to a 6.5% loan) *Solar Panels are already owned and paid-off in FULL- another cost savings of $100's off your monthly utility bills! *2024 Roof *Freshly Painted inside and garage epoxy floor May 2025 *2024 Fridge *Backyard Fully Fenced …Welcome home to the beautiful community of Sawgrass Bay at Greater Lakes in sunny Clermont, FL! This spacious home boasts 3 bedrooms and 2 bathrooms spanning 2056 sqft. Step inside to discover a well-appointed kitchen, featuring 42” cabinets, granite countertops, and stainless steel appliances. Each room offers comfort and the flexibility to create personalized spaces. The screened back patio and fully fenced back yard is ideal for hosting gatherings and enjoying the Florida sunshine. With a 2 car garage and 4 car driveway, you'll have ample room for your vehicles & toys. Sawgrass Bay Elementary School is located within the community, just a block from the house! The community pool is also close by, with a playground and picnic area. There’s also a walking trail that leads to another play area and beach volleyball. It’s located in the up & coming area of Clermont between Disney/Four Corners to the south, and the much-anticipated Olympus Orlando Sports Campus & Wellness Village just 5 miles to the north. There is plenty of shopping, amenities, and world-class dining and attractions within a few miles of the house. There’s also the upcoming completion of the Sawgrass Bay Blvd and Western Way connection expected to be completed in 2026, which will provide direct access to the west entrance of Disney World and SR 429…Lock in today’s pricing before this area matures! This is the new heart of Central Florida! Call today for any questions and to schedule a showing!
Source: STELLAR #O6305563
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.