1189 Rib Ave, Saint Cloud, FL 34771
5 beds · 3 baths · 2,151 sqft
LARGE HOME ON LARGE LOT IN NEW EDEN, OFF NOVA ROAD, ST. CLOUD. OFFERS 1.72 ACRES OF POND & WOODLAND WIEWS ALL ON A CORNER LOT. OPEN CONCEPT HOME OFFERS ENTRY IN TO GREAT ROOM WITH WOOD BURNING FIREPLACE, SPLIT BEROOMS (MASTER ON ONE SIDE, 2 BEDROOMS ON THE OTHER SIDE, AND 2 MORE BEDROOMS DOWN THE HALL...), INSIDE UTILITY, 3 FULL BATHROOMS - MASTER WITH PRIVATE SHOWER & WC AND UPGRADED NEW DUAL VANITY, GUEST BATHROOM WITH NEW WALK-IN SHOWER AND ANOTHER GUEST BATHROOM WITH TUB/SHOWER COMBO, KITCHEN IS FULLY EQUIPPED; GRAY TONE DECOR, STAINLESS APPLIANCES - ALL ELECTRIC, UNDER SINK WATER FILTER RECENTLY INSTALLED, AMPLE COUNTER SPACE & CABINETS, BREAKFAST BAR & YOU WILL LOVE THE WALK IN PANTRY, GREAT ROOM HAS DUAL SLIDERS GOING TO EXTERIOR OPEN PATIO & BACKYARD, MASTER BEDROOM HAS SLIDER TO PRIVATE SCREENED PORCH AND BACKYARD, ALL BEDROOMS HAVE NEUTRAL CARPETS AND THE GREAT ROOM, ENTRY & KITCHEN HAVE VINYL PLANK FLOORING, WATER IS PROVIDED BY A PRIVATE WELL AND PRIVATE SEPTIC IS ON SITE, DETACHED BUILDING CAN BE USED AS STORAGE OR WORKSHOP. THIS IS UNLIKE MANY PROPERTIES IN NEW EDEN DUE TO SIZE OF HOME & LOT SIZE. COMMUNITY HAS A BOAT LAUNCH IN TO CENTER LAKE FOR THE WATER ENTHUSIASTS. LOCATION OFF NOVA ROAD IS IDEAL FOR COMMUTES - NOVA ROAD TO COCOA, HWY 192 EAST OR WEST TO MELBOURNE AND THE BEACHES, OR ST. CLOUD/KISSIMMEE, HWY 15/NARCOOSSEE ROAD TO LAKE NONA,OIA AND UPWARDS NORTH TO MAJOR ROADWAYS. ALL AROUND, GREAT LOCATION! HOME HAS BEEN WELL MAINTAINED AND RECENT UPDATES/UPGRADES INCLUDE A NEW ROOF IN MAY 2024 AND BATHROOM SHOWER, VANITY & FIXTURES ADDED.
Source: STELLAR #r4908173
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #r4908173
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.
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 “Get Notified” 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 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.
MLS ID: #r4908173
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.