919 S Lake Ave Groveland, FL 34736
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About this home
NO HOA, lake David views and a POOL! Welcome to 919 S Lake Ave in Groveland — a spacious 4-bedroom, 2.5-bathroom home with 2,417 square feet of living space, situated on a generous 0.4-acre lot. This property features a side-entry garage, screened front porch, rear screened patio, and a screen-enclosed in-ground pool—all surrounded by a vinyl-fenced backyard with mature oak trees and a storage shed. Inside, you'll find a flexible layout with a living/dining room combo and an open kitchen/family room combo. The expansive kitchen boasts granite countertops, stainless steel appliances, and plenty of space to entertain. The fourth bedroom includes a convenient half bath and could easily serve as a home office, gym, or guest suite. Flooring includes durable tile and stylish vinyl plank throughout. Enjoy stunning views of Lake David, located just across the street, where you'll find a boat launch, park, playground, and community-use areas—all within walking distance. Just minutes from downtown Groveland, dining, shopping, and with easy highway access, this home offers convenience and potential. While the home is structurally solid, it has some deferred maintenance that needs attention making it the perfect opportunity to add your own personal touch. Call today to schedule your private tour!
Source: STELLAR #G5098738
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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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