Welcome Home... This home has been lovingly cared for by the original owners since built in 1988. Now, is your opportunity to own and create your dream home. Once you walk in thru the entrance way you will notice the open space with high ceilings and plenty of natural lighting shining thru the windows and glass sliding doors leading to the backyard. A well appointed kitchen is waiting for you to serve up those great home cooked meals with space for a small dining table with views into the large screened in patio and backyard. There are three bedrooms and two baths one in the main bedroom and one in hall. The bedrooms are of good size and have wood laminate flooring. You have plenty of storage in the two car garage and attic space. You will also enjoy the huge screened in room and possibly use as an outdoor living room and enjoy the seasons. The backyard offers you privacy so you can create a relaxing space with wood fencing and a small storage shed for lawn equipment with a wide side entrance with gate. There is local Boxi Park with recreation and sports close by to enjoy. You will appreciate the central location of this home. Close to all Local Shopping and Dining, UCF and Valencia Colleges and Elementary, Middle , High Schools, MCO Airport, Highways, Toll Roads, Downtown Orlando, Winter Park, Lake Nona and Only about 45 Minutes to Cocoa Beach. So what are you waiting for? Call or Come see today! "Some Photos Have Been Virtually Staged" All room measurements to be verified by Buyers Agent and Buyer.
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.
