1100 Summer Lakes Dr, Orlando, FL 32835
3 beds · 2 baths · 1,567 sqft
Step into your dream home and be instantly captivated by the breathtaking views of Lake Geyer that greet you the moment you walk through the front door! This meticulously maintained 3-bedroom, 2-bathroom lakefront oasis in Orlando’s sought-after Frisco Bay community offers the perfect blend of comfort, style, and convenience. Boasting a host of recent upgrades, including a new roof, updated plumbing, fresh interior and exterior paint, and brand-new lighting and fixtures throughout, this home is truly move-in ready. New insulation and a Ring Alarm System further enhance your peace of mind. The spacious, modern kitchen is a chef’s delight, featuring new stainless steel appliances and sleek solid surface countertops—ideal for cooking and entertaining. High ceilings and an open floor plan create an airy atmosphere, while the cozy living room fireplace adds warmth and charm, making every day feel like a relaxing retreat. The primary suite serves as a private sanctuary with a large walk-in closet and an updated ensuite bathroom. Two additional bedrooms with built-in closets provide ample space for guests or a home office. Step outside into your serene backyard, where you can unwind and soak in uninterrupted views of the tranquil lake. Situated on a generously sized lot, this property offers plenty of space for outdoor living—whether it’s morning coffee by the water or weekend barbecues with friends and family. Enjoy the convenience of being just steps from community amenities, including a pool, tennis courts, and playground, providing an active lifestyle without leaving the neighborhood. Zoned for top-rated Orange County schools and located minutes from major highways, Universal Studios, and Valencia College, this home offers the best of serene lakefront living with easy access to all that Orlando has to offer. This is the home you’ve been dreaming of—don’t let it slip away!
Source: STELLAR #o6237446
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6237446
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: #o6237446
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.