231 Delaware Ave, Saint Cloud, FL 34769
3 beds · 2 baths · 1,518 sqft
Welcome to 231 Delaware Ave, Saint Cloud, FL—a 3 bedroom 2 bathroom home bursting with character and endless potential! Located just three blocks from scenic Lakeshore Boulevard and East Lake Toho, this home offers lake access with boat ramp availability, perfect for water enthusiasts. It’s also a short commute from historic downtown St. Cloud, offering easy access to local shops, restaurants, and exciting seasonal events. Inside, the home boasts a fully remodeled kitchen completed in 2022, featuring sleek soft-close cabinets, new laminate countertops, and stainless steel Frigidaire appliances installed in 2023. The interior and exterior have been freshly painted, and new landscaping adds to its curb appeal. Tile floors run throughout the home, while updated lighting fixtures and ceiling fans ensure comfort and modern style. The primary bathroom has been tastefully remodeled with new countertops, a modern sink fixture, and a new toilet. Essential updates include a new HVAC system installed in 2022, a hot water heater from 2018, and a 2020 roof, ensuring worry-free living. With a spacious backyard, there’s plenty of room for outdoor entertaining, gardening, or adding a pool, all with the freedom of no HOA restrictions. This is a rare opportunity to live in a charming, updated home just minutes from East Lake Toho and everything downtown St. Cloud has to offer.
Source: STELLAR #o6238906
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6238906
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: #o6238906
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.