2665 Rotherham Rd Tavares, FL 32778
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About this home
Welcome to your Beautiful move in ready Tavares home built by LGI Homes in the desirable Chelsea Oaks South Community and away from the maddening crowd. According to the sellers this stylish home offers peace and quiet, less traffic and is close to everything such as Downtown Mount Dora, Quaint Downtown Tavares, close to Eustis, shopping, nice dining, the hospital, the Seaplane City, entertainment, water activities and more. This home offers a Flexible plan - use either as a 3 Bedroom 2 bath or 4 Bedrooms. Currently the 4th Room is a flex room and is used as a theatre room and comes with Sound Pads and Movie Sound Proof curtain. The sellers installed Pretty Luxury Vinyl planks and crown molding in the living room and chair guard. The Covered Patio was extended and the yard offers privacy from the conservation area and privacy with Vinyl Fence. Home comes with the balance of the 10 years new home warranty as well as the bait station. There is a sprinkler system for your lawn. The Water Softener is negotiable. Everything you want is here and the price is affordable. Hurry and make this home yours to start making memories. There are Down Payment funds available for First Time Buyers. Reach out to find out if you qualify. Conditions apply*.
Source: STELLAR #O6287727
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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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