5110 CAPE COD DR, Holiday, FL 34690
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**
You may be able to put down less than the total down payment amount of $134,230 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: #tb8304464
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.