645 Pavia Loop, Lake Mary, FL 32746
4 beds · 4 baths · 2,168 sqft sqft
Beautiful Fountain Parke in Lake Mary! The Milan Model in Sought After Open Floor Concept built by Ashton Woods. This unique three story Townhome very well maintained and upgraded. Floorplan 4 bedrooms,3.5 bathrooms,private balcony,2 car garage and 2,168 sqf. Fully renovated exterior with meticulous attention to detail in the Designer Landscaping that envelops you and creates a soothing and calming effect. On the first floor enjoy private retreat with an en suite bedroom featuring a walk in closet offering total privacy on this level. Ascend the interior staircase highlighted by beautiful wood railings and shiplap walls to the second level where the heart of the home awaits. The Main Level offers Spacious Living Room with cozy Fireplace, Great Entertainment Kitchen with stainless steel appliances, granite countertops,large kitchen island the overlooks the dining flex space area, flex room with custom built in live wood wall unit and private balcony. The Upper Floor feature a beautiful brick wall for giving you the relaxing feeling to drive you to the second en suite bedroom with dual sink vanity,walk in California Closet style. Two additional bedrooms share a convenient bathroom and the floor is rounded out with laundry room and small alcove with custom built in desk and shelves can be used as an office/study space. Enjoy Resort Style Living with the Community Amenities that includes a Beautiful Pool with a Hot Tub, Tennis and Pickleball Courts, Putting Green,Dog Park,Scenic Walking Paths and Club House with Billiards,Card Tables and a Fitness Center. With easy access to I-4 variety of nearby shopping and dining options,this home offers the perfect combination of Luxury and Convenience.
Source: STELLAR #s5114540
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5114540
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.
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.
MLS ID: #s5114540
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.