One or more photo(s) has been virtually staged. Welcome to 1972 Appalachee Cir, Tavares, FL, a charming residence offering the best of peaceful lakeside living and a strong sense of community. Nestled in a premium corner lot location, this home perfectly balances privacy with proximity to the natural beauty of Lake Dora, Lake Eustis, and Lake Harris, providing serene waterside views and easy access to boating, fishing, and outdoor adventures right at your doorstep. Whether you're strolling along Wooton Park or kayaking the scenic Dora Canal, outdoor enthusiasts will appreciate the ample opportunities to connect with nature. Inside, the home features an open plan layout that seamlessly combines functionality and comfort, while allowing an abundance of natural light to flood the space. The large master bedroom is a true retreat, offering a peaceful sanctuary with a walk-in closet and an ensuite bathroom featuring both a jacuzzi and shower... perfect for unwinding after a long day. The softened water system ensures comfort and ease throughout the home, while the plenty of closet space and laundry room with ample space provide convenience for daily living. You’ll also appreciate the convenience of a two-car garage that completes the home's functional design. The sellers have cherished their time here, as this home is ideal for both daily living and entertaining, with thoughtful spaces that allow for both privacy and socialization. The surrounding gated community is equally inviting, offering well-maintained green areas for relaxation, as well as a community pool and BBQ areas, perfect for gatherings with friends and family. The neighborhood is friendly and welcoming, with great neighbors and a clean and peaceful environment that everyone can enjoy. You'll find everything you need nearby, from hospitals and medical centers to Publix and schools, ensuring that convenience is always at your fingertips. Enjoy the charm of the area with its ideal location by Eustis Lake, and easy access to Highways 441 and 19, allowing you to explore the region with ease. Additionally, the community offers an impressive front entry and a tennis court, adding to its appeal. Located just a short drive from the vibrant city life of Orlando, this home offers the perfect balance of peaceful suburban living with easy access to city amenities. Whether you're drawn to the lakeside charm, the friendly atmosphere, or the convenient location, you will truly feel at home in this inviting community. Don’t miss the opportunity to make this home yours! Contact us today to schedule a private showing or to learn more about this beautiful property!
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.
