3846 Cabo Rojo Dr, Saint Cloud, FL 34772
3 beds · 3 baths · 2,439 sqft
Your search ends here! Introducing a meticulously maintained this is a Must see this single level four bedroom home in Whaleley‘s Creek community of Saint Cloud. This home backs up to a gorgeous pond and is fenced in which is great for not obstructing the views yet keeping your pets inside the yard. Journey further to uncover a spacious open-concept area where the modern kitchen, equipped with stainless steel appliances, quartz countertops, shaker-style cabinets, and an expansive peninsula island with a breakfast bar, overlooks a cozy living room—ideal for entertaining or family gatherings. Highlights of this contemporary gem include ceramic tiles in common areas and bathrooms, plush carpeting in the bedrooms, a dedicated laundry room, and thoughtful recessed lighting throughout gourmet chef or for those that want to entertain. The laundry room includes a washer and dryer and also has a utility sink. Two car garage in the front of the house. This is the home you have been waiting for do not hesitate to go and see it it is both worth it. There is also a storage room by the laundry area that is great for either storing items or making it a craft room or even a playroom. The back patio has a large screened in area where you can easily set up a outdoor living or dining area and enjoy .. Enjoy low HOA fees with a host of amenities such as a community pool, playground, clubhouse, and more. Its central location promises a plethora of dining and shopping venues close by, while convenient access to major highways ensures smooth drives to the coasts. Schedule your private tour today and make this dream home yours!
Source: STELLAR #o6204610
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #o6204610
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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