Welcome to 208 Corvina Drive, a beautiful 5-bedroom, 3.5-bathroom home nestled in the charming community of Tuscan Hills, located in the heart of Davenport. This spacious home situated on a desirable corner lot offers the perfect blend of comfort, style, and convenience, making it an ideal choice for families and investors alike. This open-concept home boasts a bright and airy living room, perfect for family gatherings and entertaining guests. You will love preparing meals in the kitchen which features stainless steel appliances and ample cabinet space, making meal prep a breeze. The large breakfast bar provides additional seating, and the adjacent dining area offers a cozy space for family meals. The master suite is a true retreat, offering a large walk-in closet and a private en-suite bath with dual sinks, a soaking tub, and a separate shower. The additional bedrooms are generously sized and provide plenty of closet space, ensuring everyone has their own space. Step outside to enjoy your own private outdoor space. The backyard offers a peaceful setting with plenty of room to relax, entertain, or create your ideal outdoor retreat. Being positioned on a corner lot provides added privacy and a more open feel, enhancing both the outdoor experience and curb appeal. Additional features include a laundry room, a two-car garage, and ceiling fans throughout. Plus, with low-maintenance landscaping and community amenities, you’ll have more time to enjoy everything this home and neighborhood have to offer. Prime location: located just minutes from world-renowned attractions like Walt Disney World, Universal Studios Florida, and SeaWorld Orlando, 208 Corvina Drive is an ideal base for exploring Central Florida, with easy access to shopping, dining, and entertainment options nearby. Whether you're looking for a private winter getaway or a full-time residence, this property checks all the boxes. Don’t miss your chance to own this gorgeous home at 208 Corvina Drive. Schedule a showing today!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
