117 Noxon St Auburndale, FL 33823
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About this home
SELLER OFFERING 10K IN CLOSING COSTS WITH AN ACCEPTED OFFER! This recently upgraded Spanish-style residence beautifully preserves its original charm. This elegant home features an expansive screened-in front porch, ideal for hosting gatherings. Upon entering, the home's distinctive character is immediately apparent. It boasts wood flooring, soft white walls and ceilings, and complementary bronze and brick finishes, creating a welcoming atmosphere. The striking exposed brick fireplace, flanked by built-in shelving, adds further character to the exceptionally spacious living room. The dining room, accessed through a stunning archway, offers ample space and features two-toned walls with decorative railing, a stylish chandelier, and a panoramic window. The kitchen, accessible via a swing door, is a dream, with chic tiled floors, warm granite countertops, two-toned cabinets with brass hardware, soft-close lower cabinets, stainless steel appliances, and a deep sink. The guest bedroom, located at the front of the house, offers generous space and natural light. The guest bathroom is exquisite, with pendant lighting reflecting off the white and black tile floor, complemented by an elegant clawfoot tub. The master suite immediately draws the eye with its crown molding and tray ceilings, which enhance the room's already impressive size. The en-suite bathroom is equipped with dual vanity granite countertops, a garden tub, and a separate walk-in shower. Additional features include an inside laundry room, a detached one-car garage, with a workshop that was started and a fully fenced backyard oasis's with a fountain. The home has newer windows, the AC 2021 with a warranty, the home was replumed in 2007 with CPVC/PVC, the electrical panel was replaced in 2002, the roof is 2014, but was recoated in the last year or two, and the hot water tank 2019. This exceptional home is truly unique and is a must see!
Source: STELLAR #TB8428733
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FAQs
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.
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