2603 Summerglen Ln Eustis, FL 32726
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About this home
Opportunity awaits in this large single family home with Primary Bedroom on the first floor! Perfectly situated and the end of a cul-de-sac, allowing for peace of mind while riding bikes and spending time outside. No rear neighbors and no neighbors to the west; just peaceful forest scenery! For additional privacy, the back yard is fully fenced with PVC fencing and 2 entry gates. You do not find lots like this with New Construction homes! On top of that, this home features an extended driveway with enough space to park 4 cars. Inside of the home, you'll find 4 bedrooms and 2.5 bathrooms. All rooms are ample sized. The kitchen has plenty of storage space in the 42" cabinets, updated stainless steel appliances, and a good sized pantry with custom made pull outs and shelving! A HUGE 400 square foot loft sits just atop the stairs. Perfect second living room, game room, theatre room, or install an additional wall and make an extra bedroom or office! There's already a closet and dual air intakes; no need to reconstruct! Guest bathroom upstairs features dual sinks with a separate door to the shower/bath, making getting ready for the day a stress-free process for your loved ones! Homes do not come up for sale in this neighborhood very often. Seize the opportunity to own this affordable 2700+ sqft home in a low fee HOA community (playground on site) close to everything! With a little TLC & sweat equity, you'll have an amazing home at a great price for your family to enjoy for many years! Just a 2 minute drive from Carter Park that includes basketball, soccer, & baseball fields, playgrounds, covered meeting spaces, and a waterfront boardwalk. Also just 2 miles from Historic Downtown Eustis that sits on Lake Eustis. This area includes Beautiful walking trails, restaurants, shops, and lots to do!
Source: STELLAR #G5099704
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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.