5009 E Fountainwood Dr, Saint Cloud, FL 34772
3 beds · 2 baths · 1,863 sqft sqft
One or more photo(s) has been virtually staged. PRICE IMPROVEMENT! Buyer Incentive of $5,000 to be used to buy down interest rate or towards Buyer's closing costs!! Why build when you can move right in! This stunning Captiva model is located in the desirable 55+ community of Twin Lakes, with paver drive/walkway and lush landscaping to welcome you home. Upon entering your eyes are drawn to the high ceilings, 8' doors, wide entryway, and beautiful tile flooring that carries throughout the main living areas. Just off the foyer are your secondary bedrooms, full bathroom, and you will appreciate the seamless flow to an open floor concept with custom window treatments. Enjoy your cooking experience with stainless steel appliances, natural gas stovetop, built-in oven and microwave, gorgeous glass backsplash and custom vented hood. The countertops are granite with plenty of cabinets, and the island comfortably seats 3. This popular design to connect the kitchen, dining and spacious living room is perfect for today's lifestyle and entertainment. Beyond the kitchen is your primary bedroom featuring laminate floors and tray ceiling. An ensuite bathroom offers adult style vanity with granite countertop, luxurious large shower with multiple shower heads, water closet, and storage closet. The spacious walk-in closet flows to your laundry room, which is easily accessible to the secondary bedrooms. If you enjoy the outdoors, step through 3-panel sliding doors to relax in the oversize screened lanai that is pre-plumbed for an outdoor kitchen. The backyard is partially fenced for privacy. Twin Lakes is 24-hour gated and not only offers a waterfront lifestyle for fishing, kayaking and boating, it also features Resort-Style amenities. The community offers several pools, state-of-the-art fitness center, tennis/pickleball, bocce and basketball courts, dog parks, and walking trails. A recently built 20,000 sf clubhouse features a kitchen, spacious gathering room with billiard and card tables. The best part is there are many activities and social events planned throughout the month! Conveniently located near variety of shopping, restaurants, Orlando International Airport, Lake Nona Medical City, and lakes/beaches. ASSUMABLE MORTGAGE MAY BE AVAILABLE TO QUALIFIED BUYERS!!!
Source: STELLAR #s5107152
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5107152
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: #s5107152
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.