17928 SE 107th Ct Summerfield, FL 34491
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About this home
Come see what's happening in the VIBRANT 55+ COMMUNITY of Spruce Creek South, MANY AMENITIES INCLUDED! View this 2 bedroom, 2 bath with oversized garage with 9x15 Screened in Lanai. As you enter the property, you will see the fresh updates such as the ceiling, walls & floor. Roof & Hot water completed in 2018. Durable lifetime vinyl flooring was started and can easily be continued in the bedrooms, not much is left to do. The tour continues on into the kitchen/dining room combo and gives access to the oversized garage. The bedrooms and bath are in the same area, with the guest room first and then the generously sized primary bedroom complete with walk in closet and en suite bathroom. The flooring has been prepped to complete the flooring updates, could be an easy day project to complete before the move. Large walk in shower and linen closet gives you plenty of space. In an HOA of $175.33 per month that includes access to an 18 hole golf course, pool Jacuzzi, tennis court, softball, pickleball, shuffle ball and a nature walk & dog trail. Golf cart accessible and close to shopping, dining, medical & The Villages.
Source: STELLAR #OM710335
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.