1096 DOWNSWING PL, Davenport, FL 33896
Under contract-accepting backup offers. **PRICE REDUCED** Welcome to this gorgeous 4 bedroom 2.5 bathrooms Champions Gate residence. Offering plenty of natural light and open floor plan with features such as large master suite, 42" maple cabinet and quartz countertops. With 2020 construction and barrel tile roof this home is ready to go and presented in immaculate condition. The Champions Gate Country Club HOA offers a golf and tennis membership, lawn care, internet, cable, home security, gated and guarded access, private gym, pickleball courts, 2 resident only pools with a restaurant, indoor/outdoor bar, access to 2 additional resort pools with a lazy river, water slides, volleyball, cabanas, mini golf, movie theater, gym, arcade, indoor/outdoor bars, and restaurants. All mentioned is exclusive to Champions Gate Country Club. Each home is given a $75 food credit to spend at the resident only clubhouse each month. Contact your Realtor today and ask them about this wonderful home. All information contained within is deemed accurate but not guaranteed. Property conveys Unfurnished. HOA does NOT allow Short Term Rentals. *Seller is offering Buyer a credit towards closing costs of up to $5,000.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #s5102609