3207 Zander Dr Grand Island, FL 32735
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About this home
Fall in love, move right in, and start your next chapter here. Immaculate 4-Bedroom, 2-Bath Home in Grand Island Reserve. Situated on a spacious corner lot, this beautifully maintained home offers easy access in and out of the community—just one block from the pool, playground, and basketball court. Step inside and enjoy the bright, open layout designed for both comfort and entertaining. The great room, dining area, and kitchen flow seamlessly, creating the perfect space for gatherings. The kitchen boasts elegant granite countertops, stainless steel appliances, a large serving island, 42-inch maple cabinetry, and a convenient pantry. Recent upgrades include a French-door refrigerator, microwave, and garbage disposal (2023). A one-of-a-kind oversized lanai provides an ideal setting for grand-scale entertaining or relaxing evenings. The split bedroom design places the primary suite just off the great room, while three additional bedrooms and a full bath are located at the front of the home, offering privacy and versatility. Grand Island is right outside of Eustis, (also close to Leesburg) shopping near by and convenient. 20 minutes from downtown Mount Dora-enjoy year round festivals and event. Nearby access to the Harris Chain of Lakes, perfect for boating and fishing enthusiasts. Lake County is known for its natural beauty, parks, and small-town charm—while still being just 35 minutes from Orlando and all its world-class attractions. This gem of a home is move-in ready and waiting for you! *** LENDER PAID 2-1 INTEREST RATE BUYDOWN-REDUCED MONTHLY PAYMENTS FOR THE FIRST 2 YEARS!***
Source: STELLAR #G5100479
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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.