3460 Laurel Dr, Mount Dora, FL 32757
3 beds · 2 baths · 1,959 sqft sqft
Welcome home to the property you have been looking for in this quiet cul-de-sac in Lake Dora Pines. This well-maintained home features an open floor plan with a combined living room, kitchen, and dining room to provide an effortless flow for hosting family and friends. Get ready to create memorable meals in your Kitchen with wood cabinets, granite countertops, tumbled marble backsplash, and a large island with accent lighting for extra seating, food prep, storage, and entertaining. The Primary Bedroom is en suite with updated granite countertops and dual undermount sinks in the bathroom. Double French doors in the Living Area bring in all the natural light and open up to your recently screened Lanai with a Jacuzzi and salt water Pool, the perfect place to relax on a hot day or fire up the grill and watch the big game. The new backyard fence ensures privacy as well as safety for pets, and the storage building for tools and toys will keep clutter at bay. Enjoy peace of mind with a newer Roof (2021), new gutters, new pool screen, updated 200 amp Electric Panel (2020), and Solar for the home and pool. You’ll also love the stroll to the Private Community Dock to relax while enjoying the fabulous views of Lake Dora. Or put in your boat, paddle board, or jet ski and get out on the Harris Chain of lakes. Get ready to enjoy shopping, dining, festivals, and live entertainment in downtown Tavares, nearby historic Mount Dora, and downtown Eustis. You’re just minutes from grocery stores, schools, dining, and shopping, and you can rest assured that there is plenty of premium healthcare nearby. Or hop on the nearby 429 Connecter and make the easy trip to beaches and Orlando attractions, airports, and malls. Not only are the HOA dues incredibly low, the mortgage is VA ASSUMABLE AT 3% if you qualify. Welcome to Florida living at its best! Call today for a private showing of this home!
Source: STELLAR #g5083240
You may be able to put down less than the total down payment amount of $94,590 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5083240
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5083240
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.