585 Cruz Bay Cir, Winter Springs, FL 32708
3 beds · 4 baths · 1,914 sqft
Welcome to this move-in ready three-bedroom, two-and-a-half-bath townhome in the gated community of The Landings at Parkstone, featuring a 2023 roof, and 2025 new Paint. Inside at first floor, you'll find a carpet-free living space, including a front room perfect as a study or lounge. The dining room, filled with natural light, leads to a kitchen with granite countertops, 42” wood cabinets, and a large breakfast bar. The family room and kitchen combo open to a screened porch under roof, perfect for coffee or relaxing. Upstairs, the primary bedroom offers a tray ceiling, a walk-in closet, and an en-suite with a tub, dual vanities, and a walk-in shower. Two other bedrooms share a bathroom, and a small loft with a built-in desk, great for reading or work. Convenience includes an inside laundry room with shelving and a sink, including a washer and dryer. The HOA covers lawn care, landscaping, exterior pest control and entrance gate, while amenities include a pool and access to the Cross Seminole Trail. This home is near Central Winds Park with pickleball, soccer, and baseball courts, and dining at Winter Springs Town Center. With easy access to Hwy 434, Hwy 417, UCF, and I-4. Schedule a showing today to see this beautifully maintained home!
Source: STELLAR #O6293001
Financials
Source: STELLAR #O6293001
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.