628 Murphy Rd, Winter Springs, FL 32708
3 beds · 2 baths · 1,628 sqft sqft
!!!!!!NEW ROOF will be Installed Prior to closing!!!!!628 Murphy Road is a stunning 3-bedroom, 2-bathroom home located in the heart of the desirable Winter Springs neighborhood. This property boasts spacious 1,675 sq. ft. of living space, with an open floor plan perfect for entertaining guests and creating long-lasting memories with family. The meticulously upgraded kitchen, equipped with top-of-the-line appliances and beautiful countertops will inspire your inner chef. A breakfast bar opens up to the bright and airy living room, perfect for casual dining while the 1-car garage provides ample storage. The bedrooms are comfortable and cozy, with large windows that allow for plenty of natural light. The master suite is a true retreat, with a remodeled bathroom featuring a Body massage shower panel. The additional bonus room or possible 4th Bedroom is large enough for an office, music room or man cave which is next to a 31x 17 family room located in the rear part of the home. Step outside and you will find your own large backyard patio ideal for outdoor entertaining, surrounded by a large fenced in lawn. This home is conveniently located close to shopping, dining, and entertainment options, making it the perfect place to call home. Come and see the upgrades with its stunning kitchen, spacious living areas, and large backyard, this property is sure to exceed all your expectations. Don't miss the opportunity to make this beautiful home your own!
Source: STELLAR #o6241307
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6241307
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.
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: #o6241307