1868 CASTLETON DR, Saint Cloud, FL 34771
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.***
You may be able to put down less than the total down payment amount of $262,176 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: #s5104029
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.