125 Ridgewood Dr, Arcadia, FL 34266
4 beds · 4 baths · 1,632 sqft sqft
Be pleasantly surprised by the spaciousness of this home. It boasts ample living, dining, and kitchen eating areas, a front porch, 4 bedrooms, 3 1/2 baths, a super spacious 4-car carport, and a spacious rear screened porch. The home features 3 fabulous suites and a hallway half bath ideal for visitors. All bathrooms have gorgeous tile showers with new stunning vanities and stone countertops. The kitchen has all-new cabinets with a spectacular quartz countertop, a spacious island, an attractive backsplash, and stainless steel appliances. The home has a split plan with high ceilings and an attractive feature wall in the spacious living room that brings in lots of light. All the bedrooms are very spacious and have walk-in closets. Every little detail has been carefully thought out, including the spacious laundry room with an eye-catching barn door and a new tankless water heater. The home also features new neutral luxury vinyl flooring. Enjoy the beautiful Florida weather in the spacious rear screened porch, which offers views of the enormous backyard with a privacy fence, as well as a very large storage building that makes for a great workshop. Roof new in 2024.
Source: STELLAR #c7498521
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #c7498521
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: #c7498521
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.