2198 N Countryside Cir, Orlando, FL 32804
2 beds · 3 baths · 2,117 sqft sqft
Are you ready to right-size your life? Gracious living in College Park's Country Club Townhouse Estates neighborhood. This 2 bedroom, 2.5 bath home offers 2117 square feet of living space. The corner lot offers extended sightlines and natural light in this detached villa. Approach this home and you'll note the new roof (2023), the living room's bay window seat and the direct access to the walled backyard. Through the front door, the foyer opens to the living room and the central hall. Note the 10' ceilings, refinished parquet floors, crown molding and wainscoting throughout the home. Rooms in this home are generously sized. The living room opens to the dining room with its plantation shutters and crystal chandelier. Passing into the eat in kitchen, you'll find GE Cafe appliances including a double oven range, microwave hood and dishwasher. The French door refrigerator with adjustable drawer cooler is Frigidaire Professional. Ceiling fans, large wall pantry and window over the sink complete the kitchen. The family room features a wood burning fireplace with built ins, tray ceiling, recessed lighting and French doors opening to the charming back yard and patio (20" * 15"). Off the central hall you'll find the half bath, en-suite secondary bedroom with a walk-in closet, a coat closet and storage closet. At the end of the hall, the oversized primary bedroom offers windows overlooking the back yard and patio, walk-in closet and ceiling fan. The primary bath features a double sink vanity, garden tub, separate shower and recessed lighting. What else?... irrigation system, garage door opener, 2023 roof, 2018 re-pipe and hot water heater, updated electrical panels. Security system is owned with equipment balance if buyers wish to take over system. ASSUMABLE MORTGAGE for owner occupied buyers. Approximate assumable balance of $390,000 at 3.5%. P&I 1851.53. Monthly MIP of 273.18. 27 yrs, 6 months remaining on term as of July 2024. Equity bridge 2nds are allowable per M&T.
Source: STELLAR #o6217551
Source: STELLAR #o6217551
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: #o6217551
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.