155 S Court Ave # 1807, Orlando, FL 32801
1 beds · 1 baths · 730 sqft sqft
Welcome to urban living at its finest. This sleek modern 1-bedroom condo nestled in the heart of downtown Orlando. Located in a vibrant and bustling neighborhood, this stylish residence offers the perfect blend of convenience and comfort. As you step inside, you're greeted by an open-concept layout that offers lots of natural light. The living area features large windows that frame stunning city views, creating a dynamic backdrop for both relaxing evenings and lively gatherings with friends. The kitchen boasts contemporary finishes, including stainless steel appliances, solid countertops, and ample storage space, making it a chef's delight. The cozy bedroom provides a tranquil retreat from the hustle and bustle of city life. Outside on your porch, the vibrant energy of downtown awaits. Enjoy being walking distance to great restaurants, museums, art galleries and entertainment. Whether you're strolling through the bustling streets or enjoying a leisurely afternoon in a nearby park, you'll love being at the center of it all. With modern amenities such as a fitness center, concierge service, pool, and secure parking, this condo offers the ultimate urban lifestyle experience. Whether you're a young professional seeking a convenient commute or a savvy investor looking for an attractive rental opportunity, this condo is sure to exceed your expectations. Don't miss out on the chance to make this downtown oasis your own. Schedule a viewing today and discover the unparalleled charm and convenience of urban living in this stunning 1-bedroom condo.
Source: STELLAR #o6178608
You may be able to put down less than the total down payment amount of $62,534 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6178608
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6178608