762 S Edgemon Ave, Winter Springs, FL 32708
3 beds · 2 baths · 1,008 sqft
Unveiling Your Investment Opportunity to own a home in Winter Springs, FL! Nestled in the Fruitwood Lake neighborhood, this 3-bedroom, 2-bathroom, 2-car garage on large oversized lot featuring tranquil water views! The moment you drive up to this home you will notice the newer roof with a welcoming driveway. Step inside this home and notice the open floorplan and imagine the possibilities that await you as the magic unfold. This welcoming space is your canvas for creating memories, from cozy movie nights to lively get-togethers with friends. The kitchen offers granite countertops and stainless-steel appliances a large breakfast bar that flows over to the spacious dining room which overlooks the serene water views! The primary bedroom includes its own full bathroom and a window that has water views as well. Two additional bedrooms provide space for family members, guests, or perhaps your creative home office. A designed second bathroom ensures everyone's comfort and convenience. Beyond the walls, the outdoors beckon with a screened enclosed patio that's perfect for your morning coffee ritual or an al fresco dinner under the stars. This home isn't just a house; it's also located on a premium lot with NO HOA. But there's more. The convenient location has easy access to major roadways, connecting you to the excitement of Central Florida. Theme parks, and pristine beaches are all within reach. You’re surrounded by beautiful parks, biking trails, Seminole County Schools and a variety of dining and shopping options. This is the canvas upon which you'll paint your own vibrant, beautiful life. Now, the time has come to make this residence your own. Whether you're seeking a peaceful retreat, a family haven, or an entertainer's paradise. Don't miss the chance to seize your own slice of Florida paradise. Schedule a private tour today. ASK ABOUT 5% DOWN PAYMENT ASSISTANCE FOR FHA LOANS THROUGH OUR PREFERRED LENDER.
Source: STELLAR #O6269682
Financials
Source: STELLAR #O6269682
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.