5382 Ragusa Loop, Saint Cloud, FL 34771
4 beds · 2 baths · 1,859 sqft
Welcome to your Dream home in beautiful St. Cloud, FL! This 4-bedroom, 2-bath gem is nestled in a warm, family-friendly neighborhood with neighbors you'll love. Say goodbye to carpet—this home is decked out in sleek tile throughout, making it a breeze to maintain. Step inside and feel the freedom of the open concept, with spacious rooms ready to fit your family’s lifestyle. The chef’s kitchen is truly perfect for cooking up feasts or just enjoying cozy family dinners. Head out back, and you'll find a screened lanai ideal for entertaining friends or just relaxing enjoying the florida weather. backyard has no rear neighbors and partial water views with a huge lot out back. Enjoy the perks of nearby Lake Nona shopping and conveniences without the price tag, plus a low HOA and no CDD! The community pool is just a short walk away, adding a dash of resort-style fun without leaving home. The location is unbeatable: close to the airport, shopping, stunning beaches, hospitals, restaurants and all that Central Florida has to offer. And with top-rated schools nearby, it's the ideal setting to put down roots and watch your family grow. This is more than a house—it's your forever home waiting to happen!
Source: STELLAR #o6255164
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6255164
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #o6255164
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.