30021 Donnington Loop Mount Dora, FL 32757
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About this home
WELCOME HOME! This beautiful home—set on one of the largest lots in the highly sought-after Sullivan’s Ranch—is ready for its next owner. From the moment you walk in, you’ll notice the gorgeous luxury vinyl plank flooring, tall ceilings, and the fact that there’s no carpet anywhere. The renovated kitchen is truly the heart of the home, offering plenty of prep space, quartz countertops, 42" cabinets, a stunning backsplash, and stainless steel appliances—perfect for hosting and entertaining. The open layout flows seamlessly from the kitchen into the spacious dining area and welcoming living room. You’ll find two well-sized guest bedrooms with dark laminate flooring and generous closets, along with a guest bathroom featuring a shower/tub combo and beautiful countertops. There’s also a versatile office/flex room that can easily be used as a 4th bedroom, playroom, home office, or cozy den, giving you the extra space you’ve been looking for. The primary suite is a peaceful retreat with great natural light, a walk-in closet, and a spacious bathroom complete with a garden tub, separate shower, and dual sinks. Enjoy Florida living year-round in the large screened-in lanai—ideal for relaxing or gathering with friends. Sullivan’s Ranch offers resort-style living right in Mount Dora. This gated community features an Olympic-sized pool, fitness center, clubhouse, walking trails, dog parks, a playground, and more—all just minutes from 441, 429, and the new 46 expansion. This home also has ADA compliant toilets, the AC and water heater have all been recently replaced. Schedule your showing today.
Source: STELLAR #O6358167
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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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