316 Trieste Loop, Lake Mary, FL 32746
4 beds · 4 baths · 2,499 sqft
Luxury resort-style living at its finest in this maintenance-free Tuscan inspired community located in the heart of Lake Mary. This 4-bedroom townhome is accompanied by 3 full baths and a half bath. It has been beautifully appointed with quality finishes throughout. The bonus room could also be an optional 4th bedroom or office. Chef’s kitchen has a giant island breakfast bar and consists of lovely granite counters, an under-mount sink, 42” maple cabinets and stainless appliances. Enjoy morning coffee or evening cocktails from the covered balcony off of the generous living area with surround sound. You will love the high ceilings with an open, light and bright floor plan. 3 bedrooms, all with custom built-in closets, are upstairs, along with a laundry closet for convenience. Retreat to the master wing's impressive bathing area with granite double sinks, a huge seamless shower and a custom walk-in closet. On the first floor, you will find the large bonus room or optional 4th bedroom or office with its own full bath with granite countertops, custom closet, storage room, refrigerator and its own private porch. This room could be the perfect in-law suite. Fountain Parke features a huge resort style pool, Jacuzzi, fitness center, tennis courts, putting green, playground, & a dog park. Located in the heart of Lake Mary just minutes from fabulous restaurants, shopping, entertainment & quick access to I-4 & 417. Highly desirable Seminole County schools! It's an easy drive to Downtown Orlando, Universal Studios, Disney World, & the beach.
Source: STELLAR #O6290383
Financials
Source: STELLAR #O6290383
Source: Public records
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%. 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.
Other resourcesWhat 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.