4775 Mallard Dr, Saint Cloud, FL 34772
3 beds · 2 baths · 1,408 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Welcome to this beautifully maintained 3 bedroom 2 bathroom split floor plan nestled on a 1/3 of an acre lot with NO HOA or CDD fees! The FRESHLY PAINTED EXTERIOR and NEWER ROOF offer peace of mind and instant curb appeal. Step inside to an open-concept living space featuring high ceilings in the main living space and an abundance of natural light. The updated kitchen is a chef's dream complete with granite countertops, freshly painted cabinetry and stainless steel appliances. The split floor plan ensures privacy, with the primary suite on one side and the secondary bedrooms on the other. The home has upgraded tile in the main living space and new laminate in both secondary bedrooms. The primary suite offers a walk in closet and ensuite bathroom. The 2 car garage is climate controlled with a mini split system, making it the perfect setup for a home gym, workshop or hobby space. Outside enjoy the fully fenced backyard with a storage shed, playground and ample room for entertaining or letting pets roam. With plenty of space to park your boat or RV, this home is perfect for the outdoor enthusiast. Conveniently located near grocery stores, shopping, dining, and with easy access to the Florida Turnpike you'll love the blend of comfort, space and accessibility. Don't miss your chance to own this versatile property-schedule your private showing today! Buyer and/or Buyers agent responsible for verifying any/all information including but not limited to taxes, HOA, zoning, square footage, room sizes, school etc.
Source: STELLAR #S5124746
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #S5124746
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.
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.
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.
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.
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.