BUILT IN 2019, this STUNNING 4 Bedroom 2 Bathroom POOL HOME with 2,000+ square feet of living space sits on 1.2 ACRES! Driving into the property up an oversized paver driveway with plenty of room to park multiple cars/RVs/Boats you will notice the home is nestled with the perfect amount of woods buffering the property. Walking through the screened in covered front porch and entering through the front door into the foyer you will notice the vaulted ceilings that allow plenty of natural light to fill the space. The kitchen opens to the living room creating a very large open split layout. The kitchen is complete with quartz countertops, stainless steel appliances, double oven, with a large kitchen island and walk in pantry. Walking past the nook area with space for eating, you will make your way into the very spacious primary bedroom with a tray ceiling and large walk in closet. The primary bathroom has a large dual vanity with granite countertop, and a walk in shower with floor to ceiling tile. The laundry room connects the extended kitchen butler’s pantry area to the primary bathroom, and is complete with upper and lower cabinets with granite countertop, with the washer & dryer. On the opposite side of the home there is a full bathroom and three other bedrooms. The living room has glass sliding door access onto the covered and fully screened HEATED POOL. The deck is the entire width of the home providing plenty of room for outdoor grilling and entertaining! There are paths to walk through the back of the wooded section of the property, and a wooden boat stand has been added to the backyard for canoes and kayaks. Upgrades include pendant kitchen island lights, epoxy garage floor, new paint throughout, fresh landscaping, WHOLE HOME GAS GENERATOR! This home is MOVE IN READY. Make an appointment to see this home today!
7060 Bridle Path, Saint Cloud, FL 34771
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
