5550 Bakewell Pl, Saint Cloud, FL 34771
3 beds · 2 baths · 1,747 sqft sqft
2021 Three Bedroom, Two Bath Home with a conservation view! This home is only three years old, so everything is practically new. There is an inviting covered front porch. This property has a great flow. When you walk into the foyer, you'll notice the high tray ceiling and open view to the back. To the left are bedrooms two and three and the hall bath. Bedroom three is being used an office and overlooks the front porch, the custom lights can be controlled with your phone and will come with the home. The hall bath has quartz countertop and cabinets matching the rest of the home. Walking further down the tiled hallway to the right is a drop zone off the garage entry. Drop zone leads into the laundry room, which is adjoined to the primary bedroom walk in closet. Such a great feature! Continuing down the entry hall you come into the living room to the left which has tiled flooring, ceiling fan and window looking out to the lanai. The kitchen and dinette are to the right. The kitchen features quartz countertops, island, 42" cabinets with crown molding, stainless steel appliances and recessed lighting. The primary bedroom is in the back corner of the house with a view to the back yard. The primary bathroom features garden tub, separate walk-in shower, water closet, dual sinks and quartz countertops. From the bathroom walk into the large walk-in closet which is adjoined the laundry room with access to the drop zone and garage door. Walk out the sliding glass door from the dinette area onto the covered and screened lanai. From the lanai is a great view of the conservation area. Lancaster Park East has two cul-de-sac streets, there is no through traffic. There is a playground, but you also have access to the amenities of Lancaster Park including the community pool. Located off of Nova Road a short distance from 192. There is a new high school currently under construction and according to the Osceola County School District it's slated to open in August of 2026. Close to major roadways, Lake Nona, OIA and local attractions. Don't miss your opportunity to get into a newer development without having to wait to build.
Source: STELLAR #g5087187
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087187
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: #g5087187
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