Sign in to see required down payment for the 2.9% rate
1051 S Highland St Apt 5e # 5E, Mount Dora, FL 32757
2 beds · 2 baths · 1,071 sqft
Welcome Home to this Charming 2-Bedroom, 2-Bathroom Condo in the Heart of Mount Dora! Step through the front door and into a bright and inviting living room and kitchen combo, featuring soaring ceilings an abundance natural light. The kitchen is equipped with stainless steel appliances and a convenient breakfast bar—ideal for both casual meals and entertaining. Make your way onto the balcony, where you can unwind while enjoying serene views of the pool and beautiful sunsets. The spacious primary suite offers a large walk-in closet and a private en-suite bathroom complete with dual vanities. On the opposite side, you’ll find a second bedroom and a full bath featuring a soaking tub. A versatile bonus area adjacent to the living room can serve as an office, reading nook, or sitting area. Whether you're looking for a rental property or a cozy place to call home, this condo is a fantastic choice. Location is everything! Mount Dora is celebrated for its scenic lakes, outdoor activities, and one-of-a-kind dining experiences. Situated just about a mile from Downtown, you’ll be close to shopping, restaurants, playground, lake, nature trails and the weekly farmers market. Plus, the Mount Dora Golf Club is right across the way. Don’t miss your chance to enjoy all that this vibrant community has to offer!
Source: STELLAR #O6314932
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6314932
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.