5600 BEGGS RD, Saint Cloud, FL 34771
Welcome to your slice of paradise in beautiful sunny Florida! This stunning two-story home, located just outside Orlando in the highly sought-after Lake Nona subdivision, offers a luxurious and eco-friendly living experience like no other. Boasting three bedrooms, three bathrooms, a flex room that can be turned into a 4th bedroom, and soaring ceilings, this spacious residence spans shy of 1900 square feet and is situated on a corner oversized lot, right next to the community pool. As you step inside, you'll be greeted by a bright and airy interior filled with natural light, stylish finishes, and wood beam ceilings! The open-concept design seamlessly connects the living spaces, creating a perfect blend of modern elegance and functionality. The gourmet kitchen is a chef's delight, featuring top-of-the-line appliances and a large island, ideal for culinary creations and entertaining guests. Upstairs, the bedrooms provide ample space and comfort, with the master suite offering a serene retreat complete with a private bathroom and walk-in closet. Each room is thoughtfully designed to provide a peaceful sanctuary for relaxation and rejuvenation. One of the standout features of this “smart home” is the solar panels that adorn the roof, providing not only energy efficiency but also a unique benefit to the homeowner. With the solar panels in place, the buyer actually receives a monthly credit, resulting in zero electricity costs (electric bills available) and potential savings that are paid back to them each and every month. Outside, the two-car garage located behind the house adds convenience, while the oversize lot offers plenty of space for outdoor activities and enjoyment. Imagine basking in the Florida sunshine in your own backyard oasis or exploring the vibrant city of Orlando just a short drive away. Don't miss this exceptional opportunity to own a home that combines luxury, sustainability, and savings. Experience the best of Florida living in this exquisite residence that offers a truly unique and rewarding lifestyle. Schedule a showing today and make this solar-powered smart house your home!
You may be able to put down less than the total down payment amount of $136,030 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #s5106248
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.