1835 Westerham Ave, Saint Cloud, FL 34771
4 beds · 4 baths · 2,932 sqft
This exquisite home features 2 master suites, a 3 car garage, a solar system, spray foam insulated walls, whole house water filtration system, reverse osmosis system, gourmet kitchen w/ a very large island, double ovens, upgraded solid surface countertops, upgraded kitchen cabinets, wood look tile throughout the entire home, built in entertainment system, 10 x 50 screened in back lanai with epoxy flooring, the AC unit has a UV light system for purification, California closet system in the master, plantation shutters throughout the entire home, and so much more. The homeowners spared no expense in the design of this home and they thought of everything, even adding a solar system for energy efficiency. This home is complete & perfect in every way. Located in rapidly growing Saint Cloud, this home is very convenient to the beaches, which are less than an hour away, the Lake Nona region is 10 minutes away, the airport is 30 minutes away and Publix is just five minutes away. Though the photos represent the home very well, it’s a must see! The homeowners are meticulous and have kept the home very well maintained and beautifully decorated.
Source: STELLAR #s5114149
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5114149
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: #s5114149
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.