2027 Elmhurst Ln Mascotte, FL 34753
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About this home
One or more photo(s) has been virtually staged. +++ GORGEOUS HOUSE ALERT +++ Beautiful 3 bedroom 2 bathroom home with the one of the most amazing kitchens you have ever seen! This home in the Dukes Lake subdivision has been updated and upgraded with one of the most unique and beautiful kitchen islands ever....with room for 14 people!! Seller updated the flooring with modern luxary vinyl from the front door all the way to the back slider! The moment you enter you are greeted with a nice size foyer that flows into the large family room. To the right you see the gorgeous kitchen and the giant kitchen island with beautiful granite and room for 14! The kitchen has lots of storage and is open to the family room and living room giving it a very modern feel. Primary bedroom boasts a walk in closet with nice size bathroom featuring double sinks and separate bath and shower. Outside you have a good size back yard that could fit a pool if desired. You notice how nicely spaced the houses are...no one on top of each other! House has fencing on 3 sides and could easily be made so your pets can hang out in back yard. Roof replaced 2019, AC replaced in 2019, all appliances replaced 2019. Windows were replaced with double pane 140 mph wind rated ones in 2022. Seller also had a CHARGING PORT for an ELECTRIC VEHICLE installed just ouitside garage door! This is a great opportunity to live in a beautiful neighborhood at a very affordable price!
Source: STELLAR #O6355533
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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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