5018 Tupelo Ct
Minneola, FL 34715
3 beds · 2 baths · 2,086 sqft
$565,000
Get prequalified5018 Tupelo Ct
Minneola, FL 34715
3 beds · 2 baths · 2,086 sqft
$565,000
Get prequalifiedIf you're looking for an amazing location with easy access to loads of conveniences, amenities, and local activities, 5018 Tupelo Ct is a MUST SEE. Offering over 2000 sqft, 3 bedrooms, 2 baths with an OFFICE and PRIVATE POOL, this home has been both beautifully updated and meticulously maintained. Upon entrance, you'll immediately note that the grand hall suits privacy as well as function. The airy main living space is perfect for entertaining and has plenty of natural light. The kitchen features new appliances, granite countertops, breakfast bar, dining nook and a custom pantry. Perfect for seamless entertaining, the living room is quite spacious and highlights a stunning view of the backyard through the stackable sliding doors. Too much light, lack of privacy or TV glare will never be a concern as there are custom shades and shutters throughout the home. The primary wing is located beyond the vestibule off the living room and yet again the blend of comfort and function will not disappoint. The ceiling is beautiful, windows are oversized and the closets are impressive. Outside, is a backyard perfect for all the Florida vibes. With a fully fenced yard, covered lanai, oversized paver patio and lush landscape surrounding the glistening pool, you're likely to feel as though you are at a local resort. With the majority of the lots in the community being too small for a pool, the outdoor space this property offers is as rare as it is relaxing. Moving back inside, you'll find a private office with french doors, the remaining 2 bedrooms with shared full bath and laundry room with exceptional storage. The Reserve at Minneola includes a community pool and has a very low HOA of $188/qtr. Directly across the street from the quiet cul de sac of Tupelo Ct is the Minneola Athletic Complex. The complex features space for several recreational activities such as tennis, pickleball, baseball, softball, soccer, volleyball, and a playground. Of course, parking and security at the complex are managed by Minneola, not the community HOA. Additional notables include: 2017 build, New HVAC, recent interior and exterior paint, new carpet/padding in bedrooms, custom closets, window treatments throughout, rain gutters, exterior lighting and multiple other various hardware repairs/replacements (see attachments in MLS). Floorplan and video walkthrough available.
Source: STELLAR #O6314772
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.