2000 Farmington Ct Clermont, FL 34711
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About this home
This St. James floor plan backing on the 10th tee of the Kings golf course is located on a beautiful cul-de-sac; certainly, a MUST See. This home welcomes guests as they enter through the attractive beveled glass front door into an open tiled foyer. The OPEN and SPLIT floor plan allows lots of space to gather and entertain with plantation shutters throughout. The Living room, dining, bedrooms have crown molding, 5 1/4” baseboards. The Family room has a view of the golf course. The Kitchen includes appliances, tile backsplash, granite countertops, under cabinet lighting, corner double pantry with motion detector lighting, tray ceiling and opens to a spacious dining nook. LVP flooring is throughout with tiled bathrooms and with multi shower heads, garden tub, dual sinks. Bedroom 2 is off the front of the home with a spacious closet and LVP flooring. Bedroom 3, (Office or Den) has a double door entry, closet and LVP flooring. The garage has updated poly flooring, lots of overhead storage, attic with a dropdown ladder. The roof was replaced in 2014, A/C 2022, water heater 2023, windows updated with new screens and ballasts in 2024. The HOA includes exterior painting every 6 years, reclaimed irrigation, exterior lawn service, basic cable and internet, attended main gate, use of all the amenities such as tennis courts, pickleball, basketball, shuffle board, hot tub, spa, pools, dance room, card room, computer room, library, arts and crafts room, fitness center, ballroom and much more.
Source: STELLAR #O6344732
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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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