5110 Cape Cod Dr, Holiday, FL 34690
2 beds · 2 baths · 1,004 sqft
Step into the charm of this cozy 2-bedroom, 1.5-bathroom home nestled on a spacious corner lot in Holiday. From the moment you walk in, you’ll appreciate the thoughtful updates and inviting design that make this house feel like home. The open floor plan effortlessly connects the living room and kitchen, creating a welcoming space for both relaxation and everyday living. The kitchen features real wood cabinets, modern tile flooring, and a convenient island, perfect for casual meals or entertaining guests, with the included stools adding an extra touch of comfort. Each of the bedrooms boasts original terrazzo flooring, providing a timeless look, while the updated windows allow natural light to flow in, highlighting the warmth of the home. In the back of the house, you’ll find an additional room, offering flexibility as an office or cozy sitting area. The updated main bathroom includes a jet tub and shower combination, designed for relaxation. For those who enjoy outdoor space, the fenced backyard offers plenty of room for gardening, play, or hosting gatherings. Two sheds provide additional storage for all your tools and outdoor equipment. Energy efficiency is enhanced with solar panels on both the front and back of the home, keeping your utility costs low (electrical bill only $20-$40 a month!), while the 2015 AC and updated electrical system ensure comfort and reliability. The home features a newer roof (2017) and the garage also features updated electrical, including a new panel installed in 2010. This home’s unique character, combined with its thoughtful updates, makes it the perfect blend of comfort and practicality. Schedule your private showing today and experience firsthand the charm and warmth this Holiday gem has to offer! **This home has an assumable VA loan with 2.75% interest rate**
Source: STELLAR #tb8304464
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8304464
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: #tb8304464
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.