21320 Paradise Way Eustis, FL 32736
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About this home
Welcome home to your new legacy inspired property! This home is priced $146,000 BELOW CURRENT APPRAISAL & IS READY FOR YOU TO CALL HOME! Situated on almost 13 acres COMPLETELY FENCED, this property not only has a MOVE IN READY 4 bedroom 3 FULL BATH HOME WITH OVER 3000 sqft of living space, but room to expand! Walk in the front door & immediately be greeted by an open floor plan that is PERFECT for family gatherings! A wood burning fireplace for cooler evenings is just one of the cozy features this home features, along with a HUGE kitchen area with newer stainless steel appliances, an oversized walk in pantry, a farm style sink, CUSTOM LIGHTING not only in the great room but throughout the home as well. Have your pick of using the 2 bonus rooms as bedrooms, offices, playrooms and more! The possibilities are ENDLESS! This home family owned & loved & you will feel this the moment you walk through the front door. Whats fantastic is walking out the back sliding doors into your literal own OASIS! The enclosed back porch opens up onto a CUSTOM 33 x 50 deck surrounding the sweetest pool adorned with personal touches, trees, a new sand pump & More! Its like your laying out in the mountains with the perks of the Florida sun! The property is literally READY for your horses, chickens & More, & is equipped with chicken coops, 3 sheds for storage, a 3700 SQFT, 8 STALL BARN (EACH 12 X14 IN SIZE) FEATURING A 10 X 14 FEED & TACK ROOM, enclosed fenced area for horses, a fenced in back area currently being used as a kennel w/multiple custom dog house. A whole house water softner system that conveys, a newer roof done in 2018, & TWO AC UNITS FOR OPTIMAL COOLNESS IN THE HOME, & a remote controlled gate to let guests in & out, & MORE! THERE IS JUST SO MANY PERKS TO THIS PROPERTY IT IS TOO MUCH TO CONVEY! DID I MENTION THAT THERE IS 25 ACRES BETWEEN YOU AND THE NEXT HOMEOWNER & THE COUNTY SAYS YOU CAN BUILD ANOTHER DWELLING UP TO 2100 SQFT ON THE PROPERTY? LITERALLY BUILD A LEGACY PROPERTY FOR YOUR LOVED ONES! Let this property be YOUR NEXT FOREVER HOME!
Source: STELLAR #O6340472
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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.