30101 Bretton Loop Mount Dora, FL 32757
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About this home
Experience the Best of Mount Dora living at Sullivan Ranch! This custom-built home in a GATED COMMUNITY is where elegance meets everyday comfort! Upon entry, you will find all bedrooms on the first floor with a split floorplan design and open-concept that showcases a gourmet kitchen with designer finishes that include a gas cooktop with pot-filler and stainless-steel range hood and appliances. Enjoy entertaining at the huge 10-FOOT ISLAND or dining in the eat-in apportioned area along side of the kitchen while enjoying the seamless flow into spacious great room, offering fabulous site-lines throughout! Retreat to the large owner’s suite, featuring an unbelievable walk-in shower that rivals any spa, with dual vanities and separate water-closet. Along with 3-additional spacious bedrooms, you will discover a getaway-style loft and bonus room upstairs, ideal for a home office, playroom, or media space. Step outside to a large lanai that is fully prepared with rough-ins for a full outdoor-kitchen experience, overlooking peaceful surroundings. The corner lot offers a lengthy driveway and oversized 2-car garage equipped with custom electrical wiring for added convenience. Sullivan Ranch offers tranquility and serenity that extends to the trails, community pool and wonderfully equipped clubhouse while affording you quick access to fine dining, shopping, and beautiful Downtown Mount Dora. Enjoy the scenic trails, parks, rolling hills, and other amenities that are sure to impress all who visit. Experience all this community has in a custom-built home that’s ready to be yours today!
Source: STELLAR #O6351059
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.