5727 Rutherford Rd Mount Dora, FL 32757
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About this home
You've been waiting on the sidelines for a while now, don't you believe it's time that you deserve to be called a homeowner? Located in one of Orange County's very few 24 hour guard gated communities, Stoneybrook Hills is the perfect blend of having immediate access to anything that you may need; while also being located in the rural area of northern Orange County; and a "stone's throw away" from pastures, corn fields and some of the last remaining orange groves. Perfectly situated in a cul de sac with only a few other homes, you now have the added privacy of a quaint street and no consistent traffic going back and forth. Once inside you'll begin to appreciate the split floor plan, with two bedrooms on the right side of the home; serviced by a full bathroom in between, and the colossal primary bedroom located on the opposite side of the home for complete privacy. An open kitchen, with room for (5) barstools, is adjacent to a designated eat-in kitchen space, making it the perfect home for those large holiday get-togethers. >> 24-hour guard gated community with fitness center, tennis & basketball courts, walking trails and an olympic style swimming pool. Easy access to the 429 connector and US 441, and only 8 minutes to downtown Mt Dora; with all of its cafes, restaurants, shopping and festivals throughout the year. Homeownership is calling your name....will you finally answer this year??
Source: STELLAR #O6347618
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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.