806 Lancer Cir Ocoee, FL 34761
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About this home
This beautifully designed home offers the perfect blend of functionality and charm. Featuring a 3-car garage and a split-bedroom layout, the floor plan provides privacy and convenience for the whole family. One of the guest bedrooms includes its own en-suite bathroom, making it an ideal space for guests or multi-generational living. The secondary bedroom wing includes a flex space—perfect as a playroom, study nook, or home office. At the heart of the home, double French doors open to the backyard, creating a bright, inviting space that’s perfect for entertaining or enjoying Florida’s indoor-outdoor lifestyle. Plus, the roof was replaced in 2020, giving peace of mind for years to come. Admiral Pointe residents enjoy exclusive access to Starke Lake and Lake Olympia, along with a playground and a picturesque gazebo park. The community is zoned for some of the area’s top-rated schools, making it a wonderful choice for families. Location is everything, and this home has it all. With easy access to SR 408, SR 429, and the Florida Turnpike, commuting is a breeze. Plus, you’re only 15 minutes from the lively shops, dining, and entertainment of Downtown Winter Garden. Don’t miss your chance to call this Admiral Pointe gem your next home!
Source: STELLAR #O6331577
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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.