102 Ethan Ave, Davenport, FL 33897
3 beds · 2 baths · 1,502 sqft
Are You Looking To Live Close To Disney Parks, World-Class Entertainment, And Enjoy Access To A 300-Acre Fishing Lake? This Beautiful 3-Bedroom, 2-Bathroom Corner-Lot Single-Family Home Offers Just That, Along With A 12x13 Ft Bonus Flex Space And A Private Enclosed Pool. With No Carpet Throughout And A Low HOA, This Home Is Ideal For Both Personal Use And Investment, Especially As It’s Located In A Short-Term Rental Approved Community.RECENT UPDATES: waterheater (2024), Interior Paint, Repainted Kitchen Cabinets With New Hardware, A Tile Backsplash, A $660 Electric Plug For Generators In The Garage, A Smart Thermostat, New Bathroom Sink Faucets, Shower Heads, And Sinks, As Well As A Newer Storm Front Door And Freshly Painted Exterior Trim. Outside, The Private Pool And Spa Create A Backyard Oasis With A Resurfaced Gunite Pool And Built-In Jacuzzi, All Within A Screened Patio And Lanai That Connects Seamlessly To The Interior Through Sliding Glass Doors. The Community Itself Offers Excellent Amenities, Including A Community Pool, Tennis Court, And Playground, All In A Peaceful, Quiet Setting. Energy Efficiency Is A Standout Feature With A 21-Year Leased Solar Panel System Installed In 2021, With A Monthly Lease Payment Of $166.70 And An Average Electricity Bill Of Just $33.88 — Significantly Lower Than The Area Average. Major Updates Also Include A Roof Replaced In 2016, HVAC System In 2019, Water Heater In 2024, And Pool Resurfacing In 2020. Conveniently Located Near Highway 27, The Home Is Close To Popular Dining Options Such As Ovation Bistro & Bar, Giovanni’s Pizza, And Miller’s Ale House. You’ll Also Enjoy Easy Access To World-Famous Attractions: Animal Kingdom (15–20 Minutes), Magic Kingdom (20–25 Minutes), Epcot (15–20 Minutes), Hollywood Studios (20–25 Minutes), Universal Orlando (30–35 Minutes), And SeaWorld (25–30 Minutes). If You’re Ready To Own A Piece Of Paradise With Endless Potential, Schedule Your Private Tour Today! Roof (2016), HVAC (2019) Water heater (2024), Solar (2021)- Leased, Pool resurfaced (2020).
Source: STELLAR #O6286294
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #O6286294
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.