TWO PRIMARY SUITES - GOLF COURSE VIEWS –STUNNING WATERFALL POOL –OVERSIZED LANAI, PERFECT FOR ENTERTAINING – All located on one of the most sought-after streets in The Country Club of Mount Dora, EDGEWATER DRIVE!! Promising to WOW your friends & family, even you’ll have to pinch yourself each morning as you awaken surrounded by peaceful beauty. This unique home offers both golf course views and privacy for your lanai and pool area with greenspace directly behind. Enjoy entertaining family and friends with the easy traffic flow this home affords. As you enter you are welcomed by a large foyer that opens into the formal dining and living areas. With a beautiful view overlooking the impressive pool, the living room provides a lovely space for your most treasured pieces. You can enjoy larger gatherings in the elegant dining room where beautiful chair railing adds to its character. The hub of any home is the kitchen and this one doesn’t disappoint. Complete with double ovens, a large cooktop and a nice center island, meal prep is a breeze. The kitchen is also open to the breakfast and family room so you can be as social as you like – doesn’t everyone end up gathering in or near the kitchen? Whether you are relaxing in the family room with its expansive views of the golf course, enjoying a casual meal in the breakfast room with its captivating view of the pool or busy in the kitchen you are sure to enjoy your lifestyle. When life calls for a bit of work or maybe just a relaxing reading room, there is a lovely study located just off the entry foyer with double French door for privacy. Adding to the convenience and the entertaining ease of this home is a full pool bath located just off the breakfast room. The home features TWO OWNERS' SUITES, each with their own private bathrooms, offering ultimate comfort and privacy. The primary owners’ suite is a true retreat, with a large walk-in closet, very spacious linen closet, dual vanities, private water closet and a garden tub with separate shower. The second owners' suite also boasts a spacious walk-in closet and private bathroom with a tub/shower combination, making it perfect for guests or family members. There is also a nice laundry room complete with upper and lower cabinets and a utility sink turning “loads” into fun! As if the interior of this home isn’t enough, when you step onto the lanai you enter an amazing extension of the home. The 30’X10’ pool with a stunning waterfall is the crown jewel of this wonderful space. In addition to the 30’X36’ lanai you have an additional 1692 square feet of screened area. There is great space behind the waterfall making entertaining a true experience for you and your guests. Extras include Plantation Shutters throughout the home, ROOF 09/2023, HVAC 10/2018 and hurricane shutters for entire back of home. The Country Club of Mount Dora is minutes from downtown Mount Dora and only 40 minutes from downtown Orlando, yet it offers a lifestyle that is world's away from the fast pace. You are only an hour from the beautiful Atlantic Coast beaches, or the thrills of the theme parks Orlando is so famous for. It is time to relax and truly enjoy your home with family and friends, and this home makes it so easy to do just that. Call today for your private tour!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
