1840 DUMBLETON PL, Saint Cloud, FL 34771
Imagine your new life, living in this stunning home at 1840 Dumbleton Place in the beautiful city of Saint Cloud. This astonishing single-story home boasts four (4) bedrooms, three (3) bathrooms and a spacious three (3) car garage. The combination of the open-floor concept, high ceiling and natural light from all angles, makes the great room the focus of attention. It connects the great room, flexible space and kitchen together perfectly for entertaining family and friends. Step outside to enjoy your morning coffee or your evening wine on the covered and screened-in patio. It is private enough for gatherings and open enough to have fun with your loved ones. The master bedroom is a private retreat with a modern bathroom that includes dual sinks, a large walk-in shower and two spacious walk-in closets. Every detail is meticulously crafted under Lennar's esteemed "Everything's Included" promise, showcasing top-tier appliances, quartz countertops, designer cabinet, and more. Located in Lancaster Park, this family-friendly community offers amazing amenities; community pool, cabana, parks and tot lots. The community also provides outstanding convenience, less than a half-mile from US-192, a direct thoroughfare to Downtown Saint Cloud and Florida's Turnpike. Roughly 30 minutes from Disney Theme Parks and Orlando International Airport and 10 minutes to Royal Saint Cloud Golf Links. Don't miss the opportunity to make this dream home yours. Schedule your showing at 1840 Dumbleton Place today!
You may be able to put down less than the total down payment amount of $162,873 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: #o6222367