1581 LAKE PARKWAY DR, Saint Cloud, FL 34771
SELLER OFFERING UP TO $20,000 TOWARDS CLOSING COSTS!!! LISTED UNDER APPRAISED VALUE! A TRUE one of a kind GEM in Saint Cloud! Nestled in the GATED COMMUNITY of East Lake Park! With one of the largest floor plans in this subdivision, you will be captivated on what this property can provide! With 8 bedrooms 5 bathrooms 3 car Tandem Garage and over 5100 HEATED Square Feet, this floor plan is rare in itself and is currently being sold UNDER APPRAISED VALUE. As you approach this home you will love the meticulous curb appeal, Paved Driveway, and Stone accents in the elevation! Step inside and be in AWE With 25 Ft Cathedral ceilings that welcome you into the foyer! To your left and right you have spacious options for an at home office or a private dining room area! Kitchen comes equipped with stone counters, stainless steel appliances, solid wood cabinets, and it's very own Butlers Pantry wing! Family room is extremely functional off the kitchen and dinette area overlooking the glistening clear water with your very own private SALTWATER POOL! This pool area truly feels like you have escaped to a private RESORT! This Backyard is a true entertainers dream with covered seating, SOLAR HEATED POOL and HOT TUB, Custom High top, and beautiful foliage that creates amazing privacy around this space! Home is fully fenced in with Vinyl fencing. Enjoy the evening pool dips with Edison Lights brightening up the area and Pool lights that change color all from your Smart Device! Additionally on the FIRST LEVEL you have your Master Bedroom and Ensuite Bathroom with TWO DUAL Walk-In Closets. Ensuite bathroom comes with Dual Sinks, Soaking Tub, and separate shower stall! Conveniently, on the other wing of the first level is the perfect, already created WELLNESS ROOM with its very own CUSTOM AT HOME SAUNA! Enjoy a workout, Sit in the sauna, and exit right off the Pool Bathroom for a dip in the pool! Now on the second level, enjoy your 6 additional bedrooms that each come with their own Walk-In Closet, A full Second Loft Bonus Room, and oh no wait.. there is more. Your own Private Cinema Room! Coming Turn key and already stocked and FILLED with Old Classic Movies, Projector and Sound System! You do not even have to leave your home to enjoy this many Magical Moments with family! This highly desirable community offers a kid's playground and a basketball court, perfect for keeping everyone active! You CANNOT beat location, with nearby access to Lake Nona Medical City, Eagle Creek Golf Courses, US Tennis Association, restaurants, schools, Orlando International Airport, and major medical facilities. This is a LIFESTYLE opportunity. Set up your tour today for this amazing Property!
You may be able to put down less than the total down payment amount of $268,721 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #o6227556
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.