Meticulous Bergamo model offering GORGEOUS CURB APPEAL and LANDSCAPING located in the GATED 55+ Community of the Esplanade at Highland Ranch in the ROLLING HILLS of Clermont. Upon entry you will be greeted by a beautiful OPEN floor plan. This 2 bedroom, 2 bath, 1,722 sq ft ONE STORY home offers GREAT room sizes and many UPGRADES. There is a current VA loan in place that is Assumable pending buyer qualifications. The interest rate is 3.25% with an approximate loan balance of $300,000 loan balance. Enjoy your FENCED REAR YARD while sitting in your Under Roof Screened Lanai with a Paradise Outdoor Grill. STAINLESS KITCHEN APPLIANCES, UPGRADED LG Refrigerator, Granite Countertops throughout, Pendant Lighting over a BEAUTIFUL ISLAND with BREAKFAST BAR and a Large Walk-In Pantry. You will also appreciate the 42" UPGRADED Solid Wood Cabinetry with TRASH Drawer and UNDER CABINET LIGHTING. The GENEROUS size of the Owners Suite offers Upgraded Wall Tile with a Listello accent, a large WALK-IN SHOWER with SEAT, Comfort Height DOUBLE VANITIES, one Vanity has a Drawer Bank for added Storage, Separate Water Closet with a Linen Closet and WALK-IN CLOSET are sure to meet your needs. Some of the offered upgrades are Ceramic Tile Floors laid on a DIAGONAL in the MAIN LIVING AREAS and Bathrooms, Architectural Arches, Tray Ceiling in the Dining Room, Oversized Base Trim, 9'-4" Ceilings Throughout the home, PLANTATION SHUTTERS, Floor Receptacle in Family Room, CROWN MOLDING in the Main Living Areas, Ceiling Fans, Additional Ceiling Lighting, RAIN GUTTERS, Garage Ceiling Racks for Additional Storage, Garage Attic Flooring for Additional Storage, R-38 Ceiling Insulation, Water Softener, Reverse Osmosis Drinking Water at the Kitchen Sink, Double Pane Vinyl Windows with Low-E and Argon gas for energy efficiency. In the event Guests are visiting, Bathroom 2 offers a Comfort Height Vanity and a LIGHTED MIRRORED MEDICINE CABINET is adjacent to Bedroom 2 for convenience. This home is Built on a 50' Wide Lot allowing for additional side space. The HOA offers RESORT STYLE Community Amenities that include a Pool, Spa, Resistance Pool (all heated), Pro-Style Clay Tennis and Bocce Ball Courts, Pickle Ball Courts (All of the Sports Courts are Lighted for Night Time Play), Fire Pit, Billiards, Table Tennis, Card Room, Movement Studio, Numerous Clubs and Activities, Outdoor Kitchen and a Dog Park for our Furry Friends to enjoy. The HOA fee includes the Lawn and Shrub Care, Fertilizing, Mulching, Irrigation System Maintenance, Amenities, Gates and Roads. The Esplanade At Highland Ranch is a sought after community close to South Lake Orlando Health Hospital and the New Advent Health Hospital, Medical Offices, VA, Shopping, Publix, Target, Home Depot, Lowes, Starbucks, Restaurants, Golf Courses, Disney and Other Attractions, National Training Center (NTC), Boating and the Quaint Downtowns of Clermont and Winter Garden. For your traveling convenience, the Esplanade is within a few minutes to the Florida Turnpike with easy access to Dr Phillips Famed Restaurant Row and OIA (30 minutes). The Esplanade at Highland Ranch DOES NOT have a CDD. BUYERS TRANSACTION FAILED. THE INSPECTION ON 2610 STARGRASS CIR WAS CLEAN.
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.
