250 Shady Oaks Cir, Lake Mary, FL 32746
4 beds · 3 baths · 3,087 sqft
Price Improvement!! No HOA, no problem! This is Lake Mary's most desired, iconic and family oriented community that has come to you. Discover this luxurious home which boasts flawless decor, well-manicured and meticulously kept jewel a one of a kind. It has curbside appeal, style and exceptionally enhanced renovation. It is ideal for unforgettable gatherings, its sophistication and inviting oversized rooms and open floor plan whisper relaxation and privacy all day. Entertain with ease in an ambient and tranquil environment. Newly painted, decorative exotic chandeliers throughout, high ceilings, marble countertops, large kitchen cabinets, wood flooring, state of the art luxury spa bath with dual vanities, walk in closets, LG stainless steel appliances, Viking cooktop, Bubinga fireplaces, screened-in salt-water pool with mobile control capabilities, irrigation system, tankless hot water heater, a huge backyard on an oversized lot, two car garage, spacious laundry room with basin utility and adequate pantry. The expansive lanai / sunroom exhibits a substantial amount of natural lighting via the sizeable skylights which overlook the pool and pool bath for outdoor events. Make this home your new sanctuary, it's turnkey. It caters to you, your family and friends every need and desire. Close to all main dining restaurants, shopping, Farmers Market, Publix, hospitals, Lake Mary's Championship Little League team, trails, museums, parks, lakes, houses of worship, the world's largest Obstacle Park (Planet Obstacle) and Legacy Country Club. It's near all major highways for seamless commuting towards Disney and in close proximity to beautiful Florida beaches. Schedule your appointment today to view this extraordinary home. You won't be disappointed!
Source: STELLAR #o6237064
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6237064
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: #o6237064
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.