647 Spring Oaks Blvd, Altamonte Springs, FL 32714
4 beds · 2 baths · 1,842 sqft sqft
Pool home in a great location with fantastic schools. This four bedroom two bath home plus bonus room is waiting for your family. This home includes a formal living and dining room near the spacious owners suite on one side of the home, and secondary bedrooms on the other. The remodeled kitchen and family room are at the center of this split plan and invites regular family time. The owners suite is spacious and includes a remodeled bath and walk in closet. The secondary bedrooms are all comfortably sized and flank the remodeled second bath. The outdoor space is a treat with the enclosed porch that opens to the screened pool area; great family times can truly be enjoyed. As an additional bonus, check out the room off of the pool; a possible office, guest room or playroom maybe? A grassy area remains in the yard as well for youthful play or for your pet. Freshly painted in many areas and a new front window has been newly installed. Consider a HomeStyle Renovation loan for those "extras" that will really personalize this home for your family. The community is adjacent to the fantastic Westmonte Recreation Center which includes a pool, tennis, pickleball, basketball, playground, multipurpose field, and bocce ball. What a treat for the whole family to enjoy. Don't miss out on this wonderful home. 100% FINANCING MAY BE AVAILABLE ON THIS HOME!
Source: STELLAR #o6225798
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6225798
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: #o6225798
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