340 CITRINE LOOP, Kissimmee, FL 34758
Welcome to your dream home in Kissimmee’s desirable Stepping Stone community! Enjoy the benefits of a newer home without the wait. This stunning six-bedroom, five-bathroom home, with spacious second floor loft is perfect for a large family. The ground floor features an open floor plan with a family room that is open to the kitchen and dining room. The kitchen is the heart of the home and boasts beautiful quartz countertops, large island, touchless faucet and comes complete with stainless steel appliances. Two bedrooms are conveniently located on the main floor, both accessible to full bathrooms. One downstairs bedroom has a private en suite bathroom, ideal for use as a second master bedroom. The upstairs loft area provides additional living space and can be used as a playroom or entertainment area. The master bedroom features a beautiful foyer-style alcove entry, walk-in closet, and luxurious master bathroom. Three additional bedrooms are upstairs, one sitting adjacent to a full bath and two bedrooms share a Jack & Jill style bathroom with a dual sink vanity. The upstairs laundry room is equipped with washer & dryer for your convenience. Glass sliders lead to a screen-enclosed lanai, offering a space for relaxation and entertaining. The oversized, fenced backyard provides plenty of space for outdoor activities and gardening. Other great features include: a front covered porch, stone elevation accents, gutters, quartz counters throughout and so much more. This home is meticulously maintained, ensuring you can move in with ease and peace of mind. The low HOA includes cable and internet service. Located in Poinciana with easy access to Poinciana Pkwy, shopping and entertainment.
You may be able to put down less than the total down payment amount of $76,885 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: #o6228730