939 Versailles Cir Maitland, FL 32751
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About this home
Under contract-accepting backup offers. Welcome to Versailles, where timeless architecture meets everyday ease just steps from the shimmering waters of Lake Minnehaha. This beautifully updated home offers peace of mind with a NEWER ROOF, 4-year-old HVAC, NEW IRRIGATION SYSTEM and APPLIANCES approximately 5 years old. Inside, the thoughtfully designed split floor plan ensures privacy for the primary suite, while elegant formal living and dining rooms create the perfect setting for entertaining. At the heart of the home, the chef’s kitchen boasts an island overlooking the inviting family room with custom built-in shelving. Enjoy the screened in lanai located off of the kitchen and family room with plenty of space for multiple seating areas. The versatile 5th bedroom currently serves as a sophisticated study. The private primary retreat features a spacious walk-in closet and a spa-inspired bath with double vanity, separate shower, and soaking tub. Updated secondary bathrooms add to the home’s refined appeal. Beyond the home, enjoy private neighborhood access to Lake Minnehaha—ideal for paddle boating, kayaking, or simply taking in golden-hour sunsets on the PRIVATE DOCK over the water. With Lake Minnehaha visible just across the street, the location is second to none. You’ll also appreciate being zoned for TOP RATED schools and just minutes from Maitland Blvd, I-4, 436, and the area’s best shopping, dining, parks, and recreation. An optional HOA adds flexibility to enjoy the community your way.
Source: STELLAR #O6336479
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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.