13406 Ridgeland Dr, Seminole, FL 33776
3 beds · 2 baths · 1,326 sqft
Under contract-accepting backup offers. Welcome to Paradise!! This fabulous 3 bedroom, 2 bath block Seminole home is only 7 minutes to the beach but once you see this home you will never want to leave! The interior boasts beautiful features with a designers flare. Shaker kitchen cabinets, quartz countertops, waterproof vinyl flooring. The list goes on...HVAC installed in 2015, blue metal roof installed in 2021 with hurricane clips, Water Heater replaced in 2024, pool pump 2023. The vaulted ceiling gives an open feel to this captivating home! Additional features include a bathroom rain/oversize shower, water softener, and a large shed installed in 2022. Located on 1/4 acre at the end of a cul-de-sac, this oversized lot is a best described as a tropical oasis! A glistening Pebble Tec pool surrounded by 800 sq feet of pavers and a covered, screened in Lanai for entertaining! Enjoy the convenience of a 6 person hot tub, outdoor shower, and misters to cool you off while sunbathing. The yard has an array of fruit trees...mango, Meyer lemon, lime, and orange. Home generator hookups were installed this year. Five vehicle driveway, you can park your cars out front and your boat/jet ski/RV behind the gate. Minutes to the ramp to launch your jet ski/boat. Great restaurants, shopping, and entertainment close by! This is true Florida living!
Source: STELLAR #u8253884
Source: STELLAR #u8253884
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: #u8253884