4909 DRAWDY CT, Saint Cloud, FL 34772
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.
You may be able to put down less than the total down payment amount of $322,778 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: #o6208994
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.