5517 Sabal Dr, Saint Cloud, FL 34771
4 beds · 3 baths · 1,883 sqft
Under contract-accepting backup offers. PENDING STATUS - ACCEPTING BACKUP ORDERS. Discover this stunning 4-bedroom, 3-bathroom, storm-ready house with an assumable mortgage at a low 3.625 interest rate in the sought-after Lake Nona South neighborhood in the charming city of Saint Cloud, FL! By assuming this mortgage, you can reduce your monthly mortgage payment by over $1,200. This is an amazing opportunity that you shouldn't miss out on! Nestled in the beautiful community of Wiregrass, you can enjoy resort-style pool amenities, a playground area, and scenic walking trails. However, its greatest allure lies in its strategic location. Zoned for the top-rated schools of Osceola County, including the new K8 "Voyager" school in the Sunbridge area, this property is also surrounded by exciting developments set to transform the area within the next two years. Inside, you'll find an inviting open-concept layout blending the living room and kitchen, three full bathrooms adorned with high-quality quartz and marble finishes, sleek dark fixtures and doors, and a host of modern details that elevate its appeal. The meticulously landscaped garden creates a welcoming and picturesque ambiance. Moreover, this residence comes fully equipped with top-of-the-line appliances, including a refrigerator, stove, microwave oven, dishwasher, washer, and dryer. Three decorative kitchen pendant lights and ceiling fans are also included. The house already has gutters and a water softener system installed. But that's not all; this home boasts a solar panel and energy storage system fully transferable to the new owner, ensuring energy efficiency and substantial long-term savings. This presents a unique opportunity to enjoy a life of luxury and convenience in the heart of a thriving community. Don't miss out on this exceptional offering! Contact me today to schedule a viewing and make this dream home yours.
Source: STELLAR #o6201575
Source: STELLAR #o6201575
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: #o6201575
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.