1580 Wynell St, Saint Cloud, FL 34771
4 beds · 2 baths · 2,103 sqft
UPDATE: ***SELLER IS OFFERING $15,000.00 TOWARDS BUYER'S CLOSING COSTS, PREPAIDS AN/OR PURCHASE OF MORTGAGE POINTS WITH FULL ASKING PRICE OF $442,000. PROPERTY LAST APPRAISED ON 2/13/2024 AT $452,000.00*** DON'T MISS OUT ON THIS OPPORTUNITY!!! Welcome to your new home at 1580 Wynell St, nestled in the Narcoossee Rd - Saint Cloud, greater Lake Nona area in FL. This charming property build in 2021 offers a perfect blend of comfort, convenience, and style, making it an ideal retreat for families seeking a serene yet vibrant lifestyle. This spacious 2,103 sqft. home features 4 Bedrooms, 2 Bathrooms, 2 Car Garage and covered back porch. As you step onto the welcoming foyer, you're greeted by the warm ambiance that flows throughout the home. The spacious living area features ample natural light, creating an inviting space for relaxation and entertainment. From the foyer, you can instantly relax in the adjacent formal living room, or simply roam through the ample hallway onto the open area that features the family room, kitchen and dining areas. The modern kitchen boasts sleek countertops, stainless steel appliances, and plenty of cabinet space, making meal preparation a breeze. Whether you're enjoying a casual breakfast at the cozy dining nook or hosting a dinner party with friends and family, this kitchen is sure to impress. The master suite is a tranquil haven, complete with a generously sized bedroom, walk-in closet, and an ensuite bathroom for added privacy and convenience. Additional bedrooms provide flexibility for guests, family members, or home office space, ensuring everyone has their own place to unwind. Outside, the pond view in the backyard provides endless possibilities for outdoor activities and gatherings. From BBQs to gardening or simply basking in the Florida sunshine, this outdoor oasis is yours to enjoy year-round. The community offers a Pool, Park and open Pavilion for activities, as well as easy access to a variety of amenities, including shops, restaurants, parks, and schools. Minutes away from Lake Toho. Commuters will appreciate the proximity to major highways, making travel to, Saint Cloud, Orlando and beyond a breeze. Don't miss this opportunity to make 1580 Wynell St your forever home and experience the best of Saint Cloud and Lake Nona living!
Source: STELLAR #S5100579
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #S5100579
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.