4308 VILLAGE OAK LN, Milton, FL 32571
THIS IS NO ORDINARY HOME! The only floor plan like it in the neighborhood makes it unique and the upgrades made by the owners make it special. An added bonus - located near the end of the cul-de-sac in very close proximity to the park/splash pad and walking trails. This beautiful home has a large front porch, another feature you won't find on any other house in the neighborhood, as well as a screened back porch. The open floor plan is great for entertaining and large family gatherings. The kitchen has an abundance of cabinets, built-in microwave, dishwasher and smooth cook top stove. It also features granite countertops and owners added additional pantry cabinet. The split floor plan has the master bedroom located off the kitchen and has a large walk-in closet, trey ceilings and private bath. The 3 additional bedrooms are located off the living room at the back of home with a full bath to service them. Among the other upgrades are custom shelving and shiplap in the laundry room, new bathroom exhaust fans with LED lights and Bluetooth speakers, luxury vinyl flooring in all the bedrooms and faux wood blinds on all the windows. See for yourself the family features this home offers in a home designed for family living!!! Too good to last too long!! CALL TODAY!
You may be able to put down less than the total down payment amount of $171,051 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: #648788