306 Velveteen Pl, Chuluota, FL 32766
3 beds · 2 baths · 1,611 sqft sqft
One or more photo(s) has been virtually staged. Seller may consider buyer concessions if made in an offer ~ Home exterior was just repainted!! ~ Welcome to your new home sweet home in the sought-after Oviedo community Trails of Seminole! On a spacious .19 acre lot, this 3-bedroom, 2-full bath home has a NEWER ROOF (2018), UPDATED A/C (2023), NEW WATER HEATER (2023), OPEN CONCEPT LIVING and SPLIT BEDROOMS! The foyer opens up to formal living and dining spaces under high ceilings with wood floors that transition through an arched doorway into a generous family room and eat-in kitchen. The family chef will appreciate the updated modern kitchen featuring rich cabinetry, GRANITE COUNTERTOPS, a pantry for ample storage and breakfast bar seating on the wrap around peninsula. The French doors out to the screened lanai and VAULTED CEILING add to the light and bright feel of this perfect gathering space! Ideal SPLIT BEDROOMS deliver added privacy in your PRIMARY SUITE, recently painted in 2024 and complete with a WALK-IN CLOSET and private en-suite bath. Bedrooms two and three share a full guest bath that underwent a stylish renovation in 2024. Also noteworthy; the flooring in the bedrooms was updated in 2019 making this home carpet free, the dining room light fixture was upgraded in 2024, the washer and dryer were replaced in 2022/2023 and the privacy fence was installed in 2018. The SCREENED LANAI gives you outdoor space to entertain overlooking the large backyard with a shed for added storage. Zoned for A-RATED SCHOOLS including Hagerty High and located in a quiet and friendly community with a LOW HOA just minutes from the 419, SR 50, 408, 417 and UCF! Also just 45 minutes to Daytona Beach, 35 minutes to area theme parks, 30 minutes to Cocoa Beach and 15 minutes to Waterford Lakes Town Center for local shopping, dining and so much more. Call today to schedule a tour and discover all that The Trails in Oviedo offers its next owner!
Source: STELLAR #o6233410
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6233410
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.
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: #o6233410