110 Tee Garden Way, Davenport, FL 33896
4 beds · 3 baths · 1,872 sqft
This attractive 4-bedroom, 3-bath pool home in Davenport is a popular Airbnb rental. It features modern decorating, high ceilings, transom windows, and a <strong>newer fenced (2023) backyard </strong>. Just minutes from Walt Disney World, this turnkey property offers an open floor plan with a spacious entryway into a large room with stunning pool views. The great room provides plenty of space for the included large furniture, making it perfect for entertaining or relaxing. <strong>The kitchen, remodeled in 2022 </strong>, is a home chef's dream. It features California countertops, marble surfaces, stainless steel appliances, updated LED lighting, and crown-molded cabinets with soft-close doors and drawers. The large dining area is perfect for entertaining. Three bedrooms with ensuite baths offer an additional entry door for extra privacy. All bedrooms are equipped with a flat-screen TV and luxury vinyl flooring. The expansive primary suite boasts a walk-in closet, an owner's closet, pool views, space for an office or sitting area, a spa-like bathroom with dual vanities, a corner garden tub, a linen closet, and a private water closet. The home also includes two additional updated full bathrooms, one with convenient pool access. <ul> <strong>Major updates include: <li> A new HVAC system in 2016, A roof replacement in 2012, A natural gas water heater, and the Exterior painted in 2022
Source: STELLAR #o6247536
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247536
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #o6247536
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.