2728 Lobelia Dr Lake Mary, FL 32746
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About this home
Welcome to resort style living at its finest! This beautiful 3 bedroom, 3 1/2 bathroom townhouse is well situated in the neighborhood, with conservation behind, and a beautiful courtyard view in front. Ceramic tile and luxury vinyl plank flooring offer ease of living, and easy care. The open concept main floor is perfect for entertaining. A large modern kitchen with oversized island seating, beautiful dining area with built in bar area overlooking conservation, and a spacious living room with a balcony view offer the perfect setting for any gathering. A large balcony off the living room offers plenty of room for outdoor seating, to enjoy the beautifully landscaped courtyard. All of this within the luxury resort style community of Fountain Parke. The architecture, landscaping, and amenities this neighborhood offers are next level, making it one of the nicest communities in Central Florida. Amenities include 24 hour guard gate, resort style Mediterranean pool and spa, fitness facilities, tennis and pickleball court, large fenced in dog park, putting green, and a clubhouse with pool table. The neighborhood is well located, with easy access to shops and restaurants, the Seminole Bike Trail, as well as I4 and the Central Florida Greeneway. Book your showing today!
Source: STELLAR #O6354959
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.