3710 Smith Rd Groveland, FL 34736
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About this home
One or more photo(s) has been virtually staged. Country Comfort Meets Future Opportunity – 3.25 Acres, Pool, No HOA & No Water Bill. Country Living on 3.25 Acres – No HOA! Enjoy wide-open space and privacy in this well-maintained 3 bedroom, 2 bath home set on 3.25 fully fenced acres along soon to be paved Smith Rd, just 2 miles north of State Road 50—Central Florida’s main east-west corridor. Highlights include a 31’ x 13’ swimming pool under an expansive 37’ x 19’ screen enclosure, a side-entry garage with two front facing windows for great curb appeal and the possibility of adding a couple of rooms, and a brand-new roof installed in 2024. Inside, Bedroom 3 features a second door at the foyer, making it ideal for a home office, guest suite, or flex space. The home is served by a private well, so you'll enjoy no water bill, along with a recently installed Culligan water treatment system. Additional updates include an updated A/C and an updated septic tank and drain field, offering peace of mind for years to come. A custom 36’ x 12’ pole barn provides extra space for equipment, animals, or hobbies. Surrounded by citrus groves, cattle operations, and 5-acre ranchettes, the area retains a rural charm while benefiting from future land use designating it for extensive single-family development. Whether you're looking for a personal retreat, a mini-homestead, or a smart investment—this property delivers. Room to roam. Real future potential.
Source: STELLAR #G5100398
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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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