5252 Hidden Cypress Ln, Oviedo, FL 32765
3 beds · 3 baths · 1,502 sqft
Price Improvement! Very motivated Seller! Welcome to this exquisite, meticulously maintained 3-bedroom, 2.5-bathroom townhome, ideally nestled in the heart of the highly sought-after Clayton Crossing community. Set along a picturesque, tree-lined street, this pristine residence greets you with a charming paver driveway and pathway, leading to a home that is truly move-in ready. Boasting unbeatable convenience, this home provides easy access to major routes, including the SR 417 Greenway, making commutes to Winter Park, downtown Orlando, Orlando International Airport (MCO), and other local attractions a breeze. Enjoy the best of both worlds—a peaceful sanctuary with all the vibrant offerings of shopping, dining, and entertainment within walking or biking distance. Plus, the Cross Seminole Trail is just steps away, inviting you to embrace an active lifestyle with jogging, biking, or leisurely strolls, no matter your fitness level. This gated, vibrant community offers much more than just a beautiful home. Enjoy peaceful relaxation in lush green spaces or take a refreshing dip in the sparkling community pool. Whether you're unwinding after a busy day or cooling off on a warm summer afternoon, there's always something to enjoy within this secure, welcoming environment. Inside, the first floor features an inviting open-concept layout designed for modern living. The kitchen is a true focal point, showcasing dark cabinetry, generous counter space, and a brand-new refrigerator, adding an extra touch of luxury to the already impressive appliance package. The seamless flow between the kitchen, dining, and living areas makes entertaining effortless, whether you're hosting an intimate gathering or a larger celebration. Upstairs, discover the spacious Master suite, a true retreat. The ensuite bathroom offers a spa-like experience, complete with a soaking tub, dual vanities, a separate shower, and a convenient powder room. The expansive walk-in closet provides ample space for all your storage needs. Two additional well-sized bedrooms, a second full bathroom, and a laundry closet with a washer and dryer round out the upper level. With a newly installed AC system, exceptional indoor and outdoor living spaces, and a perfect blend of amenities and location, this townhome offers the ultimate in comfort and convenience. Welcome to your perfect new home—ready and waiting for you to make it your own!
Source: STELLAR #O6286386
Financials
Source: Public records
Source: STELLAR #O6286386
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.