5685 Surprise Lily Dr, Winter Garden, FL 34787
5 beds · 3 baths · 3,152 sqft
his beautiful 5-bedroom, 2.5-bath home offers a thoughtfully designed layout with tile flooring throughout the first floor. A flex room can serve as an office or extra bedroom, while the great room seamlessly connects to the kitchen, featuring stainless steel appliances, including a gas range, dishwasher, refrigerator, microwave, granite counters and 42" cabinets. The large island with rounded-corner granite and an undermount sink provides additional seating. Sliding doors lead to a spacious backyard, perfect for a future pool. Upstairs, a loft area creates the perfect media room or additional family space. The primary suite is generously sized with a large walk-in closet. The master bath includes a double vanity with extra counter space, a stall shower, and a soaking tub. The second bedroom also features a walk-in closet, while the third and fourth bedrooms each come with their own walk-in closets. All bedrooms and the loft area are carpeted for comfort. Additional highlights include a 2-car garage with epoxy flooring, a tankless water heater, a Bluetooth-enabled garage door opener, upgraded lighting, Hot/Cold and gas hookup outside for outdoor kitchen and ceiling fans throughout. This home offers modern conveniences, ample space, and a layout designed for both relaxation and entertaining! Amenities include Community Pool, Playground, Dog Park and Soccer Field.
Source: STELLAR #S5121609
Financials
Source: STELLAR #S5121609
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.
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