545 Pond Cypress Ct Auburndale, FL 33823
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About this home
Situated on a picturesque lot, this beautifully maintained 3-bedroom, Bonus room that can be used as a bedroom or office, 3-bathroom custom-built home with an oversized 2-car garage is located in the highly sought-after gated community of Water Ridge. Enjoy stunning views of Lake Van and Lake Medora, along with upscale finishes and thoughtful design throughout. The exterior features a paver driveway, detailed stonework, and a charming front porch. Inside, the open floor plan is filled with natural light and showcases wood floors in the main living areas and tile in the bathrooms. The gourmet kitchen is the heart of the home, offering expansive granite countertops, custom cabinetry, a stone tile backsplash, a breakfast bar, slate appliances (range, microwave, dishwasher, refrigerator), and under-cabinet lighting. Perfect for entertaining, the open layout flows into the spacious living and dining areas, as well as a screened-in lanai for indoor-outdoor enjoyment. The private owner’s suite includes a walk-in closet and a luxurious en-suite bath with a dual-sink vanity, lighted mirrors, walk-in rain-glass shower, and linen closet. Three additional bedrooms with generous closet space and access to two additional full baths, making this home ideal for families or guests. The laundry room features custom cabinetry, and the oversized 2-car garage provides extra storage. Community amenities include: Multiple resort-style pools, Tennis & pickleball courts, Fitness center, Clubhouse, Walking trails, Access to three lakes, Private boat ramps on Lake Van & Lake Alfred, and On-site boat/RV storage. Conveniently located between Tampa and Orlando, Water Ridge offers easy access to major attractions, shopping, dining, and airports—while providing a peaceful lakeside retreat. Seller is motivated—don’t miss your chance to own this incredible home in one of Central Florida’s most exclusive lake communities. Schedule your private tour today! (Assumable Mortgage Options available)
Source: STELLAR #P4935248
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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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