5170 NE 64TH AVE, Silver Springs, FL 34488
Stunning Home with Exceptional Features in a Premier Gated Community Welcome to your dream home! This magnificent residence stands out as one of the largest and most impressive properties in the community, offering the perfect blend of luxury, space, and functionality. Impressive Entry & Grand Living Spaces As you approach, you'll be greeted by a beautifully manicured lawn and a unique driveway that requires minimal maintenance. Step through the grand double doors into an expansive foyer that seamlessly transitions into a colossal family room. The room features soaring cathedral ceilings, creating an airy and open atmosphere perfect for hosting gatherings or enjoying quality time with loved ones. Elegant & Functional Design This 4-bedroom, 4-bathroom home boasts a highly desirable split floor plan. The massive master suite is a private retreat, complete with a double entry, a cozy sitting area, a walk-in closet, and a luxurious bathroom featuring a jetted tub and a bidet. The chef’s delight kitchen, with its custom-made cabinets and high-end appliances, opens to the living room and is highlighted by a striking floor-to-ceiling fireplace. Outdoor Oasis Step outside to your personal paradise. The oversized, enclosed pool area is designed for relaxation and entertainment, featuring a solar-heated saltwater pool with a specially designed spa. Entertain guests with ease at the outdoor kitchen and bar, or unwind in the charming gazebo. The area overlooks your lush 1-acre property, which includes a green house, a raised garden with paved walkways, and a fully fenced workshop. Additional Features Community Amenities: Enjoy access to tennis and basketball courts, as well as well-lit streets for evening strolls. Sustainability: The property benefits from a new well, eliminating water bills, and features a 9-zone irrigation system with over 50 sprinkler heads. Convenience: There’s a concrete pad for RV or boat parking, adding to the property's versatility. This home truly has it all—luxury, comfort, and an array of unique features. Don’t miss your chance to own this exceptional property in a coveted central Florida location. Schedule your viewing today and experience the ultimate in upscale living!
You may be able to put down less than the total down payment amount of $328,835 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: #om685489