1015 Lake Emerald Dr, Orlando, FL 32806
3 beds · 2 baths · 1,251 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Rare gem available directly across from Lake Emerald in the amazing Lake Weldona area adjacent to the affluent Bel Air, Delaney Park, and Lake Davis neighborhoods! Downtown living at its finest without the HOA fees of living in a downtown condo and this property comes with lots of parking. Your new lake front oasis is a 5 minute walk to 903 Mills Market for breakfast/lunch/dinner, or a quick 5 minute drive to the bustling downtown area, Thornton Park, or the Hourglass District, all full of restaurants and shopping! Zoned for Lake Como (k-8) and Boone High School (9-12) which are highly sought after top-notch schools and both close enough to walk, or ride a bike. This home has a large front yard full of lush oak trees that you will love and a backyard with a large shed for storage, all located on a large corner lot in between Lake Emerald Park and Lake Weldona Park. There is a 30 amp power hookup and room for a RV/Boat with no HOA restrictions in the backyard. Split plan with two bedrooms on one side and a large master bedroom boasting a fireplace and huge walk-in closet on the other. You’ll love this amazing 3/2 in this quiet downtown neighborhood with everything it has to offer! The convenience is unmatched by being 20 minutes from the Orlando International Airport and going anywhere in Orlando by taking I-4 and 408 to get quickly to 528, the Turnpike, I-95, or 417. This property will not last long.
Source: STELLAR #tb8304765
Source: STELLAR #tb8304765
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.