4025 CYPRESS GLADES LN, Orlando, FL 32824
Short Sale. THE BEST DEAL FOR A POOL HOME IN THE AREA! One the most popular floorplans Beazer offers. This stylish home offers an open concept, massive kitchen, well designed floorplan and space for all your needs. This wonderful 4 bedroom/3 bath home is located just minutes to the international airport, shopping, expressways and entertainment. Upon entering you are greeted with a formal entry, to your right you will find the first bedroom and full bath. This makes for the perfect guest suite, in-law suite or anyone in the home that just needs their own space. To the left of the entry, you will find the 3-car garage. Tons of space for all your toys! Just off the entry you are welcomed into the massive great room space. A formal dining room is defined by well-placed columns. A gourmet kitchen with gas stove, built in over and microwave anchors the room. A space for great cooking, entertaining or just trying out your hand at creating food art. One of the largest islands the Beazer floorplans offer is a gathering space. Upgraded backsplash ties into the updated lighting throughout the home. Just offer the kitchen you will find a bonus area that could be used as a home office. With the trends of kitchens having a walk-in pantry this space would make for a wonderful walk-in pantry. 2 additional bedrooms can be found off the kitchen. To the rear of the home, you will find the massive primary suite. A well-designed walk-in closet with space for all your fashion. A well-appointed primary bath includes walk in shower, garden tub and double vanity. To round out this wonderful home the sellers added a oversized pool and jacuzzi 4 years ago with pool heater. Screen enclosure and covered patio complete this outdoor space. This home is ready for a new adventure, wait too long and it will be someone else, not yours!
You may be able to put down less than the total down payment amount of $379,430 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: #o6241745