7684 Oakhurst Rd, Seminole, FL 33776
3 beds · 2 baths · 1,497 sqft
Discover this charming and spacious 3-bedroom, 2-bathroom gem nestled in a serene wooded area, just one block from the beach in picturesque Seminole, Florida. Set on a desirable corner lot, this home offers both potential and privacy in a neighborhood where properties range from $500K to $800K+. The thoughtfully designed split floor plan ensures a seamless flow throughout the home. The expansive kitchen, newly updated in 2024, features modern finishes and French doors that open to the dining room, along with ample cabinetry and a cozy breakfast nook. This home also features a guesthouse with a separate entrance that can be used for rental OR Airbnb! The home has been beautifully refreshed with new flooring, fresh paint, and the elegance of wood throughout—no carpets here! Each room, including the kitchen, is equipped with ceiling fans and built-in closets. Recent updates also include a new roof installed in 2021, a new A/C system and water heater in 2020, and a modernized electrical panel and meter. Outside, the beautifully landscaped yard is framed by mature trees and includes a dedicated BBQ sitting area. The sprinkler system utilizes reclaimed water, supporting both eco-friendly living and lush greenery. There’s also plenty of space for a playground or other outdoor activities. Located in a top-rated school district, this home is zoned for Oakhurst Elementary, Seminole Middle School, and Seminole High School, making it a perfect choice for families. Don’t miss the opportunity to make this delightful, move-in-ready property your new home!
Source: STELLAR #o6241569
Source: STELLAR #o6241569
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: #o6241569
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.