10421 Manderley Way # 268, Orlando, FL 32829
2 beds · 3 baths · 1,071 sqft
This bright, spacious 2-bed/2.5-bath well maintained END UNIT is an outstanding opportunity - priced for a quicker sale below recent sales in the neighborhood! High comfort, low maintenance, lower insurance costs plus no separate water bill in a GATED community with a resort-like waterfront pool, indoor clubhouse & fitness center! Enjoy the privacy of a townhome-style home within a rare FHA-approved condo community offering the lower maintenance & insurance costs of a condo. Your water is included in HOA fee as well as all lawn care, maintenance of the entire exterior structure including the roof (replaced by HOA in 2022), and all amenities! Inside, you’ll love all the extra windows and natural light of this end unit from your bright open kitchen to your covered lanai. NEW stainless appliances (including refrigerator) installed this last year, plus ample cabinet & counter space & a convenient breakfast bar. The open living/dining area overlooks a covered lanai perfect for relaxing outdoors. A convenient half bath & storage closets complete the first level with tile floors throughout. Upstairs, you'll find two large bedroom suites, each with their own en-suite full bathrooms for ultimate privacy & comfort – plus a convenient laundry with newer washer & dryer included. Gated Victoria Pines offers an incredible lifestyle with a resort-style pool & clubhouse, a fitness center, dog park & scenic nature areas. You'll also enjoy the convenience of a dedicated parking spot right in front of your door plus open guest parking. FANTASTIC LOCATION: Less than 1 mile to Publix shopping plaza with Starbucks & more. Less than 7 miles to Waterford Lakes Town Center, 10 miles to UCF or the Orlando International Airport (MCO), less than 5 miles to Valencia College & 12 miles to booming Lake Nona. Quick access to Highways 417 & 528 makes commuting anywhere a breeze! This charming home is an excellent opportunity for first time buyers, investors or anyone looking for a hassle-free lifestyle. Don't miss this opportunity —schedule your showing today!
Source: STELLAR #O6277832
Financials
Source: STELLAR #O6277832
Source: Public records
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%. 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.
Other resourcesWhat 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.