5718 Cypress Hill Rd, Winter Garden, FL 34787
3 beds · 3 baths · 1,712 sqft sqft
This townhome on Orchard Hills, It has everything you had dreamed of—a place to call own, nestled in a vibrant community with all the amenities you could ask for. The moment you step inside for the first time, you will know this belong to you. The kitchen, with its sleek granite countertops and spacious island, beckoned to your inner chef. Imagine hosting dinners with friends, laughter filling the cozy living room that overlooked the dining area flooded with natural light. A convenient powder room in the 1st floor for guests. Upstairs, the master bedroom awaited for you, complete with a walk-in closet that seemed to promise endless possibilities. But is the balcony off the master bedroom that will truly stole your heart—a tranquil spot to savor morning coffees or unwind with a glass of wine as the sun set over the horizon. Two extra rooms shared the upstairs floor along with an additional full bathroom and an enclosed laundry room. As you explore further, the garage with its epoxy flooring and ample storage space sparks ideas of creative projects and weekend gatherings. The thought of not having to worry about lawn care, thanks to the diligent HOA, is a relief. Beyond the walls of this home, a community brimming with life await for you. A resort-style swimming pool shimmered in the distance, promising relaxation on lazy weekends. The state-of-the-art fitness center whispers of new fitness goals waiting to be achieved, while the clubhouse and playground and dog park hinted at endless opportunities to connect with neighbors.
Source: STELLAR #s5107342
You may be able to put down less than the total down payment amount of $236,967 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5107342
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #s5107342
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.