250 Shady Oaks Cir, Lake Mary, FL 32746
4 beds · 3 baths · 3,087 sqft
Back on the Market! No HOA!! SELLER OFFERING A $10K CREDIT FOR RATE BUYDOWN or CLOSING COSTS!! RARE FIND IN LAKE MARY!! Fully Remodeled Detached Home. Here's your opportunity to own this dream property. This one level, single family fully remodeled pool home in the desirable Lake Mary community awaits you. At first look the charming curb appeal wows. Make no mistake, this home is remarkable. Lake Mary's Cardinal Oaks family-oriented community has come to you. Discover this luxurious home which exhibits flawless design from start to finish. Newly painted interior and exterior 2023, this well-manicured and meticulously kept gem is extraordinarily one of a kind. It has style and exceptionally enhanced renovation. It is ideal for unforgettable gatherings. It's sophistication, inviting oversized rooms, open floor plan whisper relaxation and privacy all day long. Entertaining is easy in this ambient and tranquil environment. Newly decorated chandeliers throughout, high ceilings, marble countertops, large kitchen cabinets, wood flooring, state of the art stand-alone luxury shower, spa bath with dual vanities, walk in closets, LG stainless steel appliances, Viking gas cooktop, double-sided fireplace, screened-in salt-water heated pool with mobile control capabilities updated 2023. The roof is 2020, irrigation system, tankless hot water heater, large windows, a huge backyard on an oversized lot, two car garage with a third capability, 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 to be made simple. Make this home your new sanctuary, make it an investment opportunity, it's turnkey. It caters to you, your family and friends every need and desire. This home is MOVE-IN READY. Close to all main dining restaurants, shopping, Farmers Market, Publix, Winn Dixie, 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 sunny Florida beaches. Schedule your appointment today to view this spectacular home. You won't be disappointed!
Source: STELLAR #O6237064
Financials
Source: Public records
Source: STELLAR #O6237064
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.