5245 N Allamandra Dr Beverly Hills, FL 34465
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About this home
The quintessential Pine Ridge home. This 3-bedroom 2 bath beauty has it all plus a few extras. A recent addition converted one of the guest bedrooms into a massive 12 x 24 guest quarters with walk-in closet and direct access to the guest bathroom. All new high-end LVP flooring throughout the whole home. The roof was replaced in 2021, and nearly all of the appliances have been replaced in the last 2 years. All of the windows on the front of the home as well as the front door were replaced this year. Got toys? This home boasts a 3-car attached garage PLUS a detached concrete block 2 car garage/workshop with a finished attic space for additional storage AND a boat/RV cover that measures 30L x 10W x 13H remote controlled cover. This place was built for entertaining as the whole home is centered around the lanai and pool area offering direct access to the lanai from the master bedroom, living room, guest bathroom and guest quarters. The 40,000-gallon saltwater pool is ideal for cooling off on hot summer days and the attached hot tub can be heated up in just 1 hour for cooler winter nights. The backyard offers privacy and is fully fenced for pets or children. Hurry and schedule your showing today because this one won't last long.
Source: STELLAR #TB8429703
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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.