5013 CENTER CT, Saint Cloud, FL 34772
Short Sale. ”SHORT SALE.” WATERFRONT LIVING at its best! This upgraded 2022 4-bedroom home is perfectly situated with direct canal access leading to Alligator Lake and the Osceola Chain of Lakes. The home is on a serene cul-de-sac in the sought after Hanover Lakes Community. It has an open plan concept with the kitchen, dining and family rooms flowing together and overlooking the water. The expansive master suite is a true retreat, boasting a massive walk-in closet, a luxurious standalone shower, a garden bathtub, and dual sinks. The gourmet kitchen is a chef's dream, with 42-inch cabinets, stainless steel appliances, quartz countertops, and a spacious walk-in pantry. A separate laundry room adds to the home's practicality. The solar panels and smart home technology give you energy efficiency and convenience! The 3-car garage offers ample storage and parking space. Outside, the community provides resort-style amenities, including a pool, sundeck, splash pad, playground, cabana, and a boat ramp for easy water access. Located just minutes from theme parks, beautiful beaches, and vibrant Downtown Orlando, this home offers the perfect blend of tranquility and convenience.
You may be able to put down less than the total down payment amount of $32,638 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: #o6238828