112 10th St, Saint Cloud, FL 34769
2 beds · 2 baths · 1,350 sqft
Are you looking for a private oasis in the heart of St. Cloud? You will love this charming two bedroom two bath block home with NO HOA, a screened in pool, greenhouse, SOLAR PANELS which owner will pay off at closing , lush landscaping and raised bed garden. This home features a spacious living room and a lovely kitchen complete with stainless steel appliances including a high efficiency dishwasher, breakfast bar and plenty of counter space and cabinets with custom slide outs. Right off the kitchen is an amazing utility/pantry area with custom cabinetry offering tons of space for storage, crafts and more as well as the laundry area. The primary bedroom has its own private bathroom, the cozy guest bedroom features a motion activated light in the spacious closet. The light, bright office/den area offers views of the beautiful pool area and the lush, fenced, backyard and could be used as third bedroom. The pool patio is the perfect place to relax or entertain and enjoy the view. The pool heater and pump are new in 2020. The gardener in the family will love the greenhouse with water, power, growing lights and a fan as well as the two growing pergolas with raised beds. There is a shallow well and sprinkler system to keep everything green and growing and a shed with electric for extra storage outside. You will love the many energy saving features in this home: 36 solar panels installed in 2019, which will be paid in full at closing, new hurricane rated windows in 2019, new 18 seer HVAC and duct work in 2019 and a heat pump water heater in 2021. Seller says the average electric bill is $100 or less! With its great proximity to the Lakefront, downtown shopping and restaurants as well as great schools, attractions and beaches, don't miss your chance to see this gem before it is gone!
Source: STELLAR #S5114455
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #S5114455
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.