2516 PICKETT AVE, Saint Cloud, FL 34772
Welcome to Twin Lakes ~ The Premier 55+ Gated Community Offering a Luxury Resort Lifestyle.This COCOA Model is LOADED and Move-In Ready! Located on a PREMIERE LOT with No Front or Rear Neighbors! The Extended Brick Paved Lanai Offers Addl Outdoor Living Space, Fully Covered, Screen Enclosed and Plumbed for a Summer Kitchen. The Interior Features 3 Bedrooms, 2.5 Baths, 2+ Car Garage, Great Room with Kitchen, Dining & Living Rooms, Large Master Suite, 2nd & 3rd Bedrooms, Guest Bath + Powder Room, Pocket Office, Inside Laundry & Lanai. This Home Features an Open Floorplan Centered Around the Gourmet Chefs Kitchen. Large Center Island with Granite Countertop, Pendant Lighting, Sink & Storage. All Stainless Appliances Incl. Gas Range with Rangehood, Built-In Double Ovens. Granite Countertops, 42 Cabinets and Mosaic Tile Backsplash. Neutral Pallet Throughout with Upgraded Barnwood'' Tile in Main Living Areas. Master Suite Features Decorative Tray Ceiling, Oversized Walk-In Shower with Dual Shower Heads, Seating and Glass Enclosure, Dual Sinks with Granite Countertop, Linen Closet, Large Walk-In Closet & Private Water Closet. Spacious Domestic Suite Includes Walk-In Pantry, Washer & Dryer Hook-ups, Utility Tub and Cabinets for Additional Storage with Granite Countertops. Addl Features Include Pelican Water Conditioner, Under Cabinet Lighting, Rain Gutters, Security Cameras, Wired for Surround Sound & More! HOA Fee Includes All Amenities - State-Of-The-Art Fitness Center, Sauna, Heated Swimming Pools, Lap Pool & Spa, Tennis, Pickle-Ball, Basketball & Bocce-Ball Courts, Community Boat Dock for Fishing & Boat Rental, Putting Green, Dog Park, Community Gardens, Stunning New Clubhouse with Gathering Room, Game Room with Billiard Tables, Poker Room, Outside Patio Area Plus a Ton of Community Interest Groups. Close to Lake Nona and DownTown St. Cloud with Shopping and Restaurants. Convenient to Lake Nona VA Hospital & Medical City, Orlando Intl Airport, Theme Parks, Beaches and Major Roadways.
You may be able to put down less than the total down payment amount of $180,629 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: #s5106768