1868 Castleton Dr, Saint Cloud, FL 34771
4 beds · 3 baths · 2,226 sqft
This elegant, Florida-style home, is located in the community of LANCASTER PARK close to Nova Road with lots of living space. This two-story home has 2,226 sqft. with 4 ample bedrooms, and a Flex room plus a bonus room with 2 full baths and 1 half bath. The 1st floor has tile throughout the home except the Flex room. The upstairs is carpeted except for the bathrooms and laundry area. This home has room for the whole family and even space to entertain. The kitchen has 42’' cabinets with granite counters. The refrigerator, range, dishwasher, and microwave are included. The kitchen has a beautiful view of the exterior through the covered lanai. Sliding doors allow plenty of light to shine. The spacious family room is impressive and ample space to enjoy. The laundry room is located on the 2nd floor. There is a bedroom downstairs next to a half bathroom. Once upstairs you will find 4 additional spacious bedrooms including the primary bedroom. On the second floor is the large master bedroom with an en-suite bathroom two dual vanity sinks; and a shower. The home also has a 2-car garage, a large covered patio, and a vinyl-fenced backyard. One of the most relaxing areas is the upgraded back yard the covered lanai beautifully decorated with shades planters foliage and a pergola creating an ambiance of relaxation. Once you have moved in you can add additional outdoor recreation. To add to this wonderful home, it has a low monthly HOA. The community features include a pool and playground; Not to forget, it is centrally located close; to shopping center hospitals nearby .****HOA Fees, home square footage, taxes, lot sizes, and schools are to be independently verified.***
Source: STELLAR #s5104029
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5104029
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: #s5104029
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.