369 Forest Park Cir, Longwood, FL 32779
4 beds · 2 baths · 2,774 sqft
Fabulous 4-bedroom, 2-bathroom, single-story home located in the highly sought-after community of Forest Park Estates! Step inside through the foyer to a welcoming formal dining and living room. As you enter through the home, you will find a spacious family room boasting high ceilings, a gorgeous stone, and wood-burning fireplace, and custom built-ins, all beautifully accented with beadboard detail. The large Florida room offers abundant natural light and features a custom wood bar, making it an entertainer’s dream! Outside, enjoy your very own private oasis with an expansive backyard, perfect for relaxation and entertaining. Escape the Florida heat in the refreshing pool, or cook al fresco with a large smoker, ideal for grilling and smoking your favorite dishes. A sizable shed provides extra storage for all your needs. The chef will love the kitchen with a large dinette area, tons of counter space, and wood cabinetry, with convenient access that flows into the formal dining room. The inside laundry room includes a soaking sink, upper cabinet space, and custom pantry which opens up to a large two-car garage with an abundance of storage space with built-in cabinets and a fabulous workshop! The split floor plan features a generously-sized master bedroom at the front of the home, complete with an en suite bath featuring dual sinks, a step-in shower, and a large walk-in closet with custom built-ins. Three additional bedrooms share a full bath with dual sinks and a shower/tub combination, with an additional door providing access to the Florida room for added convenience. Notable recent upgrades include: NEW ROOF 2022, NEW AC units 2021, insulation replaced 2021, house was re-plumbed in 2004, majority of windows were replaced 2013/2015, among several other maintenance upgrades that have been updated over the last several years. This home is conveniently located near an abundance of dining and retail options, close proximity to major roadways, the beautiful Wekiwa State Park, and is zoned for excellent schools! Don’t miss this opportunity to own in this coveted neighborhood! Call to schedule your own private showing!
Source: STELLAR #o6259185
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6259185
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.
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.
MLS ID: #o6259185
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.