206 W Kelly Park Rd, Apopka, FL 32712
4 beds · 4 baths · 3,480 sqft sqft
Due to no fault of the sellers this beautiful home is back on the market and looking for the perfect buyer. Due to the buyers personal issues, this tranquil pool home is ready for its forever buyer, custom-built pool home on a spacious 1.28 acre lot. Additional features include: new roof, new hot water tank, new floors throughout, and a whole home water filtration system. The home is an open floor plan, with a large kitchen having custom solid wood cabinets with programmable under cabinet LED lighting, center island, and large walk-in pantry. This home also features an over-sized bonus room and extra-large office/flex space. Owners suite bathroom has separate vanities and an over-sized soaker tub. The custom pool with jacuzzi is surrounded with a rock wall and several waterfalls and other features. Patio is pre-plumbed for outdoor kitchen and gas grill. Over 1 ¼ acres fenced and gated. The back of the property is developed with additional septic tank, water well, and power for RV and/or shed hookups. This property is centrally located with short drives of 5 mins. to 429/Wekiva Parkway, 30 mins. to downtown Orlando/Attractions, and 20 mins to Seminole Towne Center Shopping district. Additional features include: fresh paint, ADT security system, 9 zone irrigation system using well water, and 2 unit/3 zone Central AC/heating system. All furniture and decor is negotiable.
Source: STELLAR #v4938204
You may be able to put down less than the total down payment amount of $217,953 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 #v4938204
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: #v4938204
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.