1913 Lazy Oaks Loop, Saint Cloud, FL 34771
4 beds · 2 baths · 1,962 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Assumable Rate Available at 4.25% - SELLER OFFERING CLOSING COSTS through preferred lender with ONE YEAR HOME WARRANTY. Welcome to 1913 Lazy Oaks Loop, a beautifully upgraded 4-bedroom, 2-bathroom. This charming home is nestled within the GATED COMMUNITY of East Lake Cove. Situated on an oversized .25-ACRE lot with a FULLY FENCED backyard, this home offers privacy, comfort, and a stylish modern aesthetic—all in a gated community with community dock on East Lake Toho, tennis court and playground. Step inside to discover a FRESHLY PAINTED interior in a modern hue, enhancing the bright and airy feel of the open-concept design. This home also features BONUS ROOMS, perfect for a home office, playroom, or additional living space. Recent updates include NEW MODERN FLOORING throughout, 5” BASEBOARDS, stylish MAPLE CABINETRY with UPGRADED HARDWARE, upgraded interior door handles, and a BRAND NEW OUTDOOR DECK. A NEW ROOF completed in 2020 ensures long-term peace of mind. The heart of the home is the spacious kitchen, boasting ample counter space, a dry bar, a breakfast bar, and upgraded maple cabinetry—ideal for entertaining. The primary suite is a true retreat, offering his-and-hers walk-in closets, a spa-like bath with a jetted soaking tub, a separate walk-in shower, and dual vanities. A private entrance leads directly to the covered and screened-in back patio, perfect for relaxing evenings. Beyond the home, East Lake Cove provides exclusive access to East Lake Tohopekaliga (Lake Toho), where residents can enjoy fishing, and breathtaking lake views. Community amenities include tennis courts, a playground, serene ponds, and a private dock. Plus, you're just minutes from Lake Nona, top-rated schools, shopping, dining, and medical facilities. As an added BONUS, the seller is including a 1-YEAR HOME WARRANTY, offering extra peace of mind to the new homeowner. Experience the perfect blend of modern luxury, comfort, and convenience. *By using Novus Home Mortgage, our preferred lender, first time buyers can receive up to $4700 CLOSING COST CREDITS TOWARDS RATE BUY DOWN, CLOSING COST AND/OR APPRAISAL. To qualify, buyers must apply with Novus Home Mortgage, ask me how and maximize their savings!
Source: STELLAR #O6289922
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 #O6289922
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 of Equal Opportunity Act.