3347 BOLD RULER DR, Cantonment, FL 32533
2.5% VA Assumable loan!!! NEW CARPET installed April 2024. SOLAR paid off at closing. Welcome to your dream home in Cantonment! This stunning residence boasts 5 bedrooms, three bathrooms, plus a flex space in primary and is situated on a sprawling acre of manicured grounds. This property offers a resort-style experience with its own private pool and a screened enclosure that ensures year-round enjoyment of the Florida sunshine. As you enter this grand home, you are greeted by a spacious and elegant foyer that sets the tone for the rest of the residence. The expansive living areas are bathed in natural light, creating an inviting and warm atmosphere. The well-appointed kitchen features modern appliances, ample counter space, and a convenient layout that is perfect for both everyday living and entertaining guests. The five bedrooms are generously sized, providing plenty of space for family and guests. The primary suite is a true retreat, offering a peaceful haven with its own private en-suite bathroom, a separate flex room and 2 walk-in closets. The additional bedrooms are versatile, offering the flexibility to accommodate a variety of needs, from a home office to a fitness room. One of the highlights of this property is the outdoor oasis. Step outside to discover a large, sparkling pool surrounded by a screened enclosure, creating a tranquil and private setting. Whether you're hosting a poolside barbecue or simply enjoying a quiet evening under the stars, this space is designed for relaxation and entertainment. Situated on a full acre, the grounds of this home provide ample space for outdoor activities or amenities. The property is landscaped, creating a picturesque setting that enhances the overall appeal of this residence. Conveniently located in Cantonment, this home offers easy access to local amenities, schools, and parks. Enjoy the perfect blend of tranquility and convenience in this exceptional property.
You may be able to put down less than the total down payment amount of $235,787 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: #649313