1556 Auburn Oaks Ct, Auburndale, FL 33823
5 beds · 3 baths · 2,972 sqft sqft
Assumable 2.5% Interest Rate Loan. That's right 2.5% VA Loan. Come and enjoy this gorgeous custom-built pool home 5 bedrooms and 3 baths located in the highly sought Auburn Oaks community with access to Lake Ariana. This is not a cookie cutter home. The open foyer gives you a quick view of the formal living and the formal dining. Take a quick seat and watch the sun glimmer off the sparkling pool. Take a right and the huge master suite consumes the right side of the house. The master sitting areas can easily handle chairs and coffee table or even your favorite Lazy Boy. The master suite has His n Her closet for more than ample storage. The master bath highlights not only a double vanity sinks but also a separate vanity counter for makeup and beauty supplies. Choose between the oversized garden tub and the luxury glass shower. The extra high ceiling help to avoid that cramped up feeling. On the totally opposite side of the home sits 3 bedrooms (2 or Jack n Jill with an attached bath) and two baths. All bedrooms are very comfortable in size. Near the front of the house sits a single bedroom/den/office/study/game room. The comes equipped with stainless steel appliance. With ample counter space you'll have no problem preparing those Thanksgiving meals. The kitchen counter can easily serve as a breakfast bar for those quick snacks, or the evening debrief over cookies. The elegant and spacious family features a cozy fireplace for those few winter months in this sparkling year-round paradise. Enter the covered lanai from sliding doors in the master, formal living or the family all with quick access to the pool bath. Enjoy a debris free patio and pool because its all screened in just for your convenience. Sitting on a 1/3 acre lot, there is plenty of room for fun or gardening. BTW roof 2018 and AC about 2019. All measurements, sizes and room descriptions are approximate and not guaranteed, any information contained herein critical to buyer’s decision to purchase must be verified by buyers.
Source: STELLAR #o6229347
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6229347
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: #o6229347
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.