7579 Groveoak Dr Orlando, FL 32810
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About this home
LOCATION, LOCATION, LOCATION! Welcome home to this quaint 3/2 split floor plan with spacious rooms located on a quiet neighborhood. The seller put in a new AC in 2020 and re did the plumbing! The open floor plan makes the space feel larger and perfect for daily living and entertaining. You'll love the screened-in back porch where you can relax and enjoy the Florida weather year-round. Location is everything, and this property delivers. You're just minutes from major highways 414 and 408, making it easy to get anywhere in Central Florida. Theme parks, the airport, shopping centers, and great restaurants are all within reach. The neighborhood offers excellent amenities nearby. Wekiva High School is less than a mile away, perfect for families. For daily needs, Walmart Neighborhood Market is close by for convenient grocery shopping. Rolling Hills Park provides a great spot for outdoor activities and recreation. This home works well for families looking for a comfortable place to live or investors seeking a property in a prime location. The combination of practical features like the open layout and hard floors, plus the screened porch for outdoor enjoyment, makes it appealing to many buyers. With its central Orlando location and easy highway access, residents can enjoy everything the area has to offer while living in a quiet residential neighborhood. The property represents a great opportunity in today's market.
Source: STELLAR #O6326775
Neighborhood
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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.