412 BLUE BAYOU LN, Winter Springs, FL 32708
Welcome to this meticulously maintained and spaciously cozy home with 1844 square feet of living space in the sought after Jesups Reserve community. The only reason the family is moving is because they have outgrown the house and need more space, but they have loved living there. Your new 3 story home includes 3 bedrooms each with its own full bathrooms (3 total) with an oversized 2 car garage (with storage hooks to keep you organized); there is even a garage closet for additional storage space. You won’t have to worry about making upgrades to the main systems of the house because the AC was replaced in 2023, the roof was replaced in 2022 and the garage door had maintenance performed in 2024. This home features a fabulous split bedroom floor plan that is great for multi-generational living or for families that like to entertain guests. When you enter the home, there is a full bedroom and bath on the first floor; as well as a back entrance to the garage (which you enter from the alley). Upstairs on the second floor, you will find your spacious, open floor plan living area with room for dining, relaxing and cooking in your oversized kitchen with breakfast bar and stainless steel appliances (less than 5 years). The laundry room is also located on the second floor for convenience. Brand new stair railing. The third floor has the large owner’s suite, which has a master tub and shower, large walk in closet and private bathroom. You will also find the laundry room and linen closets. The three outdoor seating areas have hosted many dinner parties and family gatherings. You have a porch on the first floor and a patio on the 2nd floor (which was completely updated) and a 3rd floor balcony. All of these will allow you to enjoy romantic outdoor dinners listing to the music from the wine bar across the street. Additional features include: laminate flooring - no carpet throughout the house; community pool is well maintained and equipped with a jacuzzi for those days when you need to relax and chill and there is a beautiful pond with a family of friendly ducks. You will enjoy living in this safe community with friendly neighbors. The house has been professionally cleaned and the exterior pressure washed to give you that move-in ready feeling. Priced to sell. Bring us your offers. Jesups Reserve is conveniently located across from Winter Springs Town Center. You have every convenience you can need either in walking distance or within a quick car ride. The community is close to trails, including Trotwood, Centralwinds, Friendship, Winding Hollow, Sam Smith and Torcaso Parks. There is a nearby dog park for you fur babies. You have your choice of fitness centers that are 1 to 5 minutes away (Crunch, Planet Fitness and Zoo Fitness). Shopping and restaurants nearby include Publix, Spill, Aldi, Dollar Tree, Water to a Tea, Ice cream parlor and more. It is so easy to get to Lake Mary or Sanford shopping areas without having to use 417, but 417 is right there for convenience and you are in a great school zone! Priced to sell. Make your appointment today and see this beautiful home for yourself.
You may be able to put down less than the total down payment amount of $141,118 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: #o6237923
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.