1180 CARDINAL CREEK PL, Oviedo, FL 32765
Located in the Cardinal Creek subdivision in the desirable community of Tuskawilla, this beautiful 3 bedroom, 2 bathroom split-plan, pool home is ready for you to unpack and move right on in! Driving through the community, you’ll notice true pride of ownership throughout the neighborhood. Stepping through the front door you are welcomed into an open concept floorplan with a formal living room to your right, which could easily double as a home office or playroom, and a formal dining room to your left. The dining room can easily accommodate a sideboard and a table plenty big enough to host holiday dinners with family and friends. Continuing through and convenient to the dining room is an updated kitchen with stainless-steel appliances, ample cabinetry and storage, granite countertops and a glass mosaic backsplash. The kitchen also features a breakfast bar and an eat-in nook making meals easy during the busy week. Your laundry room is conveniently located off of the kitchen, with access to the 2-car garage, making weekend chores a breeze. Two secondary bedrooms and a full 3-piece secondary bath, with access out to the pool, can be found tucked into the hallway. A massive family room is at the heart of the home and is large enough to fit an oversized sectional with a big-screen TV. A set of sliding glass doors opens out to your own private oasis, a screen-enclosed pool deck with covered patio, and just beyond that is conservation land, so no direct back neighbors! Just imagine yourself sitting outside and enjoying a morning cup of coffee or an evening cocktail while overlooking your pool and taking in the sights and sounds of nature. Heading back inside and off of the family room is the large primary bedroom with double closets, one of which is a walk-in, and an ensuite bath. The ensuite boasts a huge glass-enclosed, walk-in shower with dual showerheads, offering you your very own luxurious spa experience. Recent upgrades to the home include updated plumbing and a new roof, providing peace of mind to any buyer. This wonderful home is convenient to area shopping, dining and entertainment and is less than a 20-minute drive to the University of Central Florida. Area schools include Red Bug Elementary, Tuskawilla Middle and Lake Howell High. Don’t miss out on the opportunity to call this place home! <div style="padding:56.25% 0 0 0;position:relative;"><iframe src="https://my.matterport.com/show/?m=kzdBzoUa6eh&mls=1" frameborder="0" allow="autoplay; fullscreen" allowfullscreen style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div>
You may be able to put down less than the total down payment amount of $266,912 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6241068
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.