933 El Lago Ter, Winter Springs, FL 32708
4 beds · 3 baths · 1,861 sqft
This beautiful 4-bedroom, 2-bathroom home, nestled in a quiet cul-de-sac, is a must-see! With a spacious and functional floor plan, this property provides plenty of room for family living and entertaining. The home features tile flooring throughout, offering a sleek, low-maintenance surface that enhances its modern, open design. Whether you're looking to create lasting memories with family or enjoy a quiet retreat, this home provides the ideal setting. Recent updates make this home stand out in the area. A new roof was installed in 2022, ensuring the home’s protection from the elements for years to come. In the same year, the plumbing was completely re-piped, addressing any concerns and ensuring optimal water flow and efficiency. Additionally, the home has been freshly painted both inside and out, giving it a clean and welcoming feel. The newly installed central AC system keeps the home comfortable year-round, while the addition of a new dishwasher and microwave adds even more modern convenience. One of the biggest highlights of this home is the completely renovated kitchen. The brand-new cabinets provide ample storage space, while the sleek finishes and updated appliances make this kitchen a true focal point of the home. Whether you're an experienced chef or someone who loves to entertain, this kitchen will meet all your needs. Set on a large lot with mature landscaping, this property features a spacious backyard perfect for a variety of activities. From hosting weekend barbecues to enjoying peaceful afternoons in your own outdoor retreat, the possibilities are endless. The large lot allows for creativity, whether you're looking to build a garden, create an entertainment area, or simply enjoy the space as it is. The home is located in a highly desirable area within Winter Springs, making it ideal for both relaxation and convenience. It provides easy access to major highways, including I-4 and Hwy 417, making commuting or traveling a breeze. The University of Central Florida (UCF) and East Orlando are nearby, providing convenience for both professionals and families. The home is situated in a great school district, ensuring top-tier educational opportunities. With nearby shopping, dining, and entertainment options, you'll have everything you need right at your fingertips. Whether you're looking for a forever home or a solid investment property, this home checks all the boxes. Its location, modern updates, spacious layout, and large backyard make it an outstanding value in Winter Springs. Don’t miss out on the chance to make this fantastic property your new home. Schedule a tour today and discover everything this home provides!
Source: STELLAR #O6273216
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6273216
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.