512 YELLOW TAIL PL, Chuluota, FL 32766
Welcome to this stunning property in the quiet and charming area of Chuluota, FL, with the zip code 32766! This 4-bedroom, 2-bathroom home, with 2,196 square feet of living space, offers the perfect balance between space and comfort. Upon entering, you will be greeted by an open and bright floor plan, with spacious living areas ideal for entertaining and family living. The kitchen features modern appliances. A large and comfortable family room, a dining area, and a living room with natural lighting complete the space. The master bedroom is a true retreat, with an en-suite bathroom that includes a garden tub, a separate shower, and two roomy closets. The additional bedrooms are spacious and versatile, perfect for bedrooms, home offices, or playrooms. This spacious home features an additional room, bringing the total to 5 bedrooms and 2 bathrooms, offering plenty of space for your family and guests. The exterior of the property is equally impressive, with a generous spacious yard. This outdoor space offers multiple possibilities, from creating your own garden to installing a pool. Enjoy the lake view from the back of your new property. Additionally, the home's location provides a tranquil and private setting, perfect for enjoying outdoor life. Located in a family-friendly community, this home is close to excellent A and A+ rated schools, parks, shopping plazas and all the amenities you need for comfortable living. Don't miss the opportunity to make this house your ideal home. Schedule your visit today and discover everything this magnificent property has to Show!
You may be able to put down less than the total down payment amount of $276,503 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: #o6229499