782 Seneca Meadows Rd, Winter Springs, FL 32708
4 beds · 2 baths · 1,947 sqft
EXPECT TO BE IMPRESSED! This stunning 4-bedroom, 2-bath POOL home in the gated Parkstone community is a true slice of Florida paradise! With vaulted ceilings and tons of natural light, this home feels open and airy. The gourmet kitchen shines with quartz countertops, stainless steel appliances, a stylish backsplash, and a spacious island. The primary suite offers dual vanities, a walk-in shower, garden tub, and huge closet. Enjoy entertaining in the formal dining & living area or relax in your screened-in pool & lanai. Brand new flooring, newer A/C & roof, plus a charming bay window with bench seating add even more appeal. Located in a resort-style gated community with a low HOA that includes lawn maintenance, this home is close to top-rated schools, shopping, and dining. Don’t miss out—schedule your private tour today!
Source: STELLAR #O6289806
Financials
Source: STELLAR #O6289806
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.