4909 Drawdy Ct, Saint Cloud, FL 34772
3 beds · 3 baths · 2,935 sqft
Located in the 55+ gated community of Twin Lakes in St. Cloud. This Sanibel model home welcomes you to a spacious open floor, 3-car garage and ample storage space. As you enter the home, the foyer leads to the high ceiling, live/work space adjacent to the foyer. A flexible private space perfect for an office, library or study. Continuing through foyer to the heart of this open floor plan is the kitchen with an extended kitchen island with granite countertops, 5 burner gas stove top, beautiful tile backsplash, large pantry, custom cabinetry, stainless steel appliances, stainless steel/glass hood exhaust fan and pendant lights. The open floor plan continues from indoor to outdoor with direct access to the Patio from both the family room and dining room. The patio leads to a large back yard. The spacious Primary Bedroom Suite features tray ceilings, large walk-in closet and an ensuite suite bathroom. The ensuite bathroom features an oversized semi-frameless walk-in shower with dual shower heads and a bench seat; double sink vanity, granite countertops and a separate water closet. A 20,000 square foot clubhouse is the center piece of community amenities that feature a resort style pool, lap pool, fitness center, tennis courts, putting green, walking trails and pickle-ball court. Outdoor activities such as on Twin Lakes residents have access to fishing, canoeing, kayaking and boating on Live Oak Lake. The Twin Lakes community has a full cadre of social and recreational activities to keep residents active and engaged.
Source: STELLAR #o6208994
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6208994
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “Get Notified” 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 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.
MLS ID: #o6208994
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.