5100 Ballark St Mount Dora, FL 32757
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About this home
One or more photo(s) has been virtually staged. Charming 3-Bedroom, 3-Bath Home in the Heart of Mount Dora. Welcome to this beautifully appointed 3-bedroom, 3-bath residence, offering 2,062 square feet of thoughtfully designed living space. Blending comfort with elegance, this home features an inviting open floor plan that flows seamlessly from room to room—perfect for both entertaining and everyday living. The primary suite provides a private retreat, complete with generous space for relaxation, while the additional bedrooms are equally comfortable, ideal for family, guests, or a home office. Each bathroom is well-appointed, ensuring both style and convenience throughout the home. Step outside to the screened-in back patio, where you can sip your morning coffee or unwind in the evening while taking in Florida’s year-round beauty. This serene space offers the perfect balance of indoor-outdoor living. Nestled in the highly desirable Mount Dora area, this home is surrounded by natural beauty and charm. Outdoor enthusiasts will love the nearby chain of lakes, connecting all the way to the inland waterway and the Atlantic Ocean—an ideal setting for boating and water recreation. Beyond the water, the quaint downtown of Mount Dora awaits, just moments away. Explore antique shops, craft boutiques, gourmet restaurants, or enjoy horse-drawn carriage rides through the historic streets, all contributing to the town’s unique small-town charm with a touch of luxury. Offering a perfect blend of practicality, location, and elegance, this home is more than just a place to live—it’s a lifestyle. Whether you’re seeking a peaceful family residence or a retreat in one of Florida’s most beloved communities, this property delivers it all. Don’t miss your chance to experience the timeless appeal of Mount Dora living. Schedule your private tour today and discover why this could be your dream home.
Source: STELLAR #O6349826
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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.