2787 Cypress Head Trl, Oviedo, FL 32765
4 beds · 2 baths · 2,388 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come and see this beautiful 2,388 sq ft 4 bedroom/2 bath solar powered pool home with bonus room, high ceilings, beautiful landscaping featuring hand cut Georgia Granite Landscape Rocks in Aloma Woods before it's gone! Located in the gated community of Cypress Head, this former model home is on water with fantastic views and incredibly large outdoor 39’ x 39’ entertainment area under the pool screen enclosure! Original homeowners have spent over $190K in upgrades and improvements on this home and premium lot location! These are just a few of the updates the owners have done: 2024 Master Bathroom remodel, 2025 Driveway Extension, 2025 New baseboards & paint, 2023 Water Softener System, 2010 French Doors, 2022 Kitchen update with Granite Counter Tops/Sinks and Faucets, 2025 Driveway Extension, 2022 5 Ton AC replacement for1st floor & 2023 3 Ton AC replacement for 2nd floor bonus room, 2023 Solar Hot Water Tank & System, 2022 programmable pool pump, 2024 Pool resurfaced and LED lightning added, 2024 New Front Door, 2023 Gutters, 2022 New Attic Ladder, 2018 Exterior paint, 2024 All New Windows, 2024 Outdoor Shed, 2021 Plantation Blinds, 2020 Interior Ceiling Fans, 2022 Garage Door Opener, 2021 Rescreened Lanai, 2018 Roof, 2024 Side Yard Pavers, Termite Bond in place, Child Safety Pool Fence, and so much more!! Quick Access to SR 417, approximately 30 minutes to downtown, and one hour drive to Either Cocoa Beach or New Smyrna Beach, and area attractions. Great Seminole County A Rated schools! Home Under Audio & Video Surveillance
Source: STELLAR #O6302093
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6302093
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.