520 Aviana St Lake Alfred, FL 33850
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About this home
Luxurious, Modern & Move-In Ready! Built in 2023 and barely lived in, this nearly-new property offers exceptional value with over 3,100 square feet of thoughtfully designed space. Step through the elegant glass front door into a spacious and inviting open floor plan, featuring 5 bedrooms, 3.5 bathrooms, and a 2-car garage. The home includes a private in-law suite, ideal for extended family or guests. Enjoy a sleek, modern kitchen with stainless steel appliances and abundant natural light throughout. The exterior showcases beautiful decorative stonework, creating standout curb appeal. Relax in the oversized screened-in lanai, perfect for entertaining while keeping bugs at bay. The massive master walk-in closet feels like an additional room on its own! Upstairs, you’ll find a versatile loft—ideal as a game room, home office, or cozy retreat. With no back neighbors, you can watch stunning sunsets right from your master bedroom every evening. Bring the whole family—there’s room for everyone to live, work, and play in comfort. Don’t miss this incredible opportunity. Schedule your tour today! AT SELLER'S DISCRETION, AN OFFER MAY BE ACCEPTED AT ANY TIME.
Source: STELLAR #O6329100
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.