570 PINEBRANCH CIR, Winter Springs, FL 32708
Situated within the gated community of Barclay Reserve in Winter Springs, this charming 2-bedroom, 2.5-bathroom townhome is a perfect blend of convenience and comfort. Upon entering, you’ll be welcomed by an inviting open floor plan on the first level complete with new (2023) luxury plank vinyl in the main living area. The kitchen, adorned with stylish quartz countertops and equipped with stainless steel appliances, opens up to a spacious great room, creating a warm and connected living space. Large double sliding glass doors allow sunlight to pour into the living area, offering picturesque views of the tranquil conservation area at the rear of the property. Just beyond the glass doors, a private patio provides an ideal spot for outdoor relaxation. The upper floor features an expansive primary bedroom complete with luxury plank vinyl flooring, an en-suite bathroom, and ample closet space. The second bedroom is generously sized and conveniently located next to its own full bathroom, making it perfect for family members or guests. A versatile flex space on this level offers additional room for a home office, study area, or cozy reading nook. The convenience of having the laundry area upstairs adds to the overall functionality of the home. Additional features include a private one-car garage, with supplementary parking available for guests, a roof replacement in March 2022, and a 2020 hot water heater. This townhome is part of the highly desirable Seminole County school district, including Oviedo High School. Ideally positioned just off SR 434 and only a short distance from SR 417, this location offers swift access to key areas such as Oviedo on the Park, UCF, Seminole State College, and Winter Springs Town Center. This beautiful Winter Springs area is renowned for its outdoor recreational opportunities, featuring scenic trails, picturesque lakes, and inviting green spaces that beckon you to explore, making it a prime choice for those who value both accessibility and a serene living environment. If you're looking for a move-in-ready home in a vibrant and accessible location, this property in Barclay Reserve is a must-see. Schedule your tour today!
You may be able to put down less than the total down payment amount of $142,375 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: #o6235503