1806 Westerham Ave, Saint Cloud, FL 34771
3 beds · 3 baths · 2,434 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Splash into summer fun, this three bedroom, two-and-a-half-bath, pool home offers a spacious open layout with waterfront views. From the moment you arrive, you will be drawn to the inviting entryway and lush landscaping. Filled with abundant natural light, the home features tiled floors and an elegant, well-organized design with ample storage and versatile spaces, including a chef's kitchen with lots of counter space & water filter at kitchen sink. The open concept floor plan provides seamless flow between the living areas, including a spacious dining area with a tray ceiling & elegant lighting. The primary suite is luxurious, including a garden bath with glass enclosed shower, rain shower head, soaker tub, and a dreamy walk-in closet large enough for all your designer goodies. The home includes a tandem three car garage with storage shelves, but the owner went a step further and added attic storage with a drop down loading platform. The fully fenced yard offers a peaceful, waterfront location with scenic pond views, a solar heated salt water pool, and a heated spa, creating an expansive outdoor living space. Ideal for those seeking relaxation and the true Florida lifestyle. The interior is also well-appointed and upgraded, providing absolutely comfortable living and energy efficiency. Home includes water softener too. This home has been lovingly maintained and upgraded by the original owner, it is only a few years old. This is a rare opportunity to purchase a home in top move in condition with a pool/spa already in place. All this, and situated on a waterfront 70' wide lot too! Lancaster Park is in a growing location just off Nova Road. Shopping and restaurants are less than 10 minutes away and the new high school is under construction just up the road. And there is no CDD. Come see for yourself, you will want to call this one HOME.
Source: STELLAR #O6298497
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6298497
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.
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.
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.
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.
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.
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.
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 and Equal Opportunity Act.