5364 Ragusa Loop, Saint Cloud, FL 34771
4 beds · 2 baths · 2,064 sqft
Step into this remarkable 4-bedroom, 2-bath home where modern elegance meets unparalleled charm. As you enter through the grand foyer, you are greeted by luxurious wood-look tile floors that flow effortlessly throughout most of the residence. The intelligently designed 3-way split floor plan is adorned with numerous upgrades, upgraded light fixtures, and ceiling fans in every room. The spacious open living area seamlessly connects to the modern kitchen. Here, you’ll find sleek oak cabinets, granite countertops, an upgraded stainless steel appliance package, a walk-in pantry, and a counter-height island with seating. Adjacent to the kitchen is a cozy dining area with sliding glass doors that open to a screened lanai and a fully fenced backyard. The primary suite is a serene retreat, offering elegant tile floors and an en-suite bathroom complete with a dual sink vanity topped with granite, a luxurious garden tub, a glass-enclosed shower, and a generously sized walk-in closet with built in drawers and shelving. The additional bedrooms are spacious and comfortable, each featuring ceiling fans. All three bedrooms share a well-appointed full bath with a granite-topped vanity. This bath is strategically located between two of the bedrooms, while the third bedroom, positioned near the laundry room, makes an ideal office or den. Unwind on the extended screened lanai. roll down shades for added privacy and heat protection or enjoy the expansive fully fenced yard. Residents of Sunset Groves also have access to a stunning community pool. Located with easy access to Lake Nona, Medical City, shopping, dining, parks, and the picturesque East Lake Toho, this home offers the perfect blend of luxury and convenience. Don't miss the opportunity to make this exquisite home yours.
Source: STELLAR #O6258091
Financials
Source: STELLAR #O6258091
Source: Public records
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%. 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.
Other resourcesWhat 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.