8081 Bridgeport Bay Cir, Mount Dora, FL 32757
3 beds · 2 baths · 1,436 sqft sqft
Experience the best of 55+ living in this inviting 3-bedroom, 2-bathroom home in the Lakes of Mount Dora community. Built in 2019, this home offers a perfect balance of modern upgrades and comfortable living. The open floor plan is complemented by beautiful tile flooring throughout the main areas, giving the space a clean, contemporary look. The kitchen shines with stainless steel appliances, granite countertops, and plenty of space for cooking and entertaining. Crown molding adds a touch of elegance, while tray ceilings in the master bedroom and living room enhance the home’s sense of space. The master suite is a true highlight , featuring a spacious walk-in closet and a comfortable ensuite bathroom. You’ll also appreciate the large laundry room with plenty of storage. When it's time to relax, the screened-in lanai offers a peaceful spot to enjoy the beautifully landscaped yard. This home is ideally situated for easy access to nearby amenities. Just a few minutes from SR-44 and US-441, you’ll enjoy quick and convenient routes to downtown Mount Dora, where you can explore charming shops, restaurants, and vibrant community events—all just 10 minutes away. Plus, SR-429 provides an easy route to Orlando and beyond., This home is more than just a place to live—it's a place to love. Don’t miss out on this gem in the Lakes of Mount Dora!
Source: STELLAR #o6232386
You may be able to put down less than the total down payment amount of $166,362 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 #o6232386
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: #o6232386
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.