5158 APPENINE LOOP E, Saint Cloud, FL 34771
Be the envy of the neighborhood when you live in this five-bedroom, five-bathroom home with over 3,700 heated sq ft and nearly 4,500 total sq ft located in the beautiful, sought after Narcoossee Village. Just north of St. Cloud and South of Lake Nona you get all the luxury living experiences without paying for the zip code. Minutes away from amazing restaurants, fantastic shopping, medical city, sports city and many more local attractions. Upon entering this beautiful home, you encounter the large separate dinning room to your right and as you proceed through this open floor first floor, floorplan you will notice the large-scale tile floors, an amazing kitchen to your right and then the living room that opens out to the pool area. Also, on the first floor you have the laundry room and a full master/in-law suite with its own entry and two full bathrooms as well as a walk-in closet. The wood stairs are equipped with a chair lift to the second floor. Upstairs you will have four bedrooms and three more bathrooms. Carpet throughout on the second floor and a huge family room to relax in. The kitchen is amazing and features oversized appliances along with an induction stove top, built in microwave and oven along with a commercial grade exhaust fan with dual motors. Behind the home is a patio of pavers surrounding the luxury swimming pool. Not that the community does not offer a beautiful pool as well, you have your own private one behind a private fence. The community of Narcoossee Village also has a playground and beautiful walking paths around interior lakes and ponds. Contact us to book your showing today.
You may be able to put down less than the total down payment amount of $366,524 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: #o6223104