18 E Bay Ave Yalaha, FL 34797
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About this home
Welcome to this inviting 3-bedroom, 2-bathroom home, offering comfort, character, and access to one of Central Florida’s most desirable waterways. Nestled in a well-maintained community, this property combines the charm of an established neighborhood with the perks of lakeside living. The neighborhood HOA includes EXCLUSIVE access to a SPRING-FED community POOL with access to a private boat dock on the Harris Chain of Lakes—perfect for boating, fishing, or simply enjoying breathtaking sunsets. The LOW HOA fees also conveniently INCLUDES WATER SERVICE, adding exceptional value. With three spacious bedrooms, two full bathrooms, and a functional layout, this home is ready for your personal touch to make it truly shine. The master bedroom is a private retreat, complete with ample closet space and an en-suite bathroom. The two additional bedrooms are generously sized, offering flexibility for a home office or guest rooms. The spacious living room is perfect for entertaining or relaxing, offering plenty of natural light and room to unwind. The heart of this home is the spacious kitchen, featuring STAINLESS STEEL appliances including a refrigerator, stove, and dishwasher. Whether you're preparing a quick meal or hosting friends and family, this kitchen is sure to impress. The large SCREEN ENCLOSED PORCH and backyard offers plenty of room for outdoor activities and a perfect space for relaxing or entertaining. Highlights: * Private boat dock and access to the Harris Chain of Lakes * Spring-fed community pool * Water included in HOA fees * Established community with Florida charm Minutes away from shopping, dining, bakeries, and entertainment. 1 hour away from Orlando International Airport and 30 minutes from Clermont. RING DOORBELL AND LG WASHER AND DRYER CONVEY!! A/C (2021) AND WATER HEATER (2023).
Source: STELLAR #O6339954
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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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