1733 Canaan Loop Dundee, FL 33838
Your savings
About this home
Short Sale. Priced to Sell – A Great Opportunity to Add Your Personal Touch! Don’t miss this fantastic chance to own a well-designed home in the desirable Ridge at Swan Lake community in the Orlando area. This spacious single-story Bokeelia floor plan by LGI Homes offers excellent potential and is priced to sell quickly. While it may need a bit of TLC, it’s a solid home in a thriving location—ready for your updates and personal style. Featuring an open-concept layout, this home includes 3 bedrooms and 2 full bathrooms, complete with: Energy-efficient appliances, water Softener, Granite countertops, Custom wood cabinetry, Brushed nickel hardware, An attached 2-car garage. The private primary suite boasts a massive walk-in closet, and the home includes a dedicated utility room, a covered back patio, and fully landscaped front yard with an irrigation system. Set within the peaceful, nature-filled Ridge at Swan Lake community, you’ll enjoy scenic views, tranquil lakes, walking and biking trails, and a welcoming neighborhood atmosphere. Plus, you're just minutes from Disney World, LEGOLAND, fine dining, shopping, and entertainment. This is the perfect home for someone looking for value, location, and a bit of vision. Schedule your showing today and see the potential for yourself!
Source: STELLAR #O6332242
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.