2419 DATURA LOOP, Saint Cloud, FL 34772
Welcome to this beautiful 2-bedroom, 2-bathroom half duplex/villa located in a vibrant 55+ neighborhood. The SOLAR PANELS ARE PAID OFF and generate over $1000 worth of energy annually, directly slashing your utility bills and promoting economic efficiency. This home boasts an open floor plan with split bedrooms, perfect for comfortable living and entertaining. The heart of the home is the oversized kitchen island with stainless steel appliances and a natural gas stove. The 42-inch solid wood cabinets provide ample storage, and the huge island is perfect for meal prep and casual dining. The master bedroom is generously sized, featuring a walk-in shower, dual sinks, and a spacious walk-in closet. Enjoy the convenience of inside laundry and a gas water heater. Ceiling fans throughout ensure a comfortable environment year-round. Step outside to the large screen room, equipped with roll-down shades and custom tile, overlooking the fenced private backyard—an ideal spot for relaxation. Newer gutters and downspouts. The community offers a resort-style living experience with three ponds and lake access to Live Oak Lake, complete with a dock for fishing. Amenities include a clubhouse, dog park, fitness center, gated security, park, playground, pool, sidewalk trails, and tennis courts. There is also a community garden and sidewalks Don't miss the chance to live in this beautiful community!
You may be able to put down less than the total down payment amount of $150,462 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: #p4931632