11024 Folklore St, Winter Garden, FL 34787
3 beds · 3 baths · 2,138 sqft
**This property qualifies for a closing cost credit up to $3,900 through the Seller’s preferred lender.** Welcome home to this beautiful 3-bedroom, 2.5-bathroom plus an office/guest room home located in the Storey Grove community of Winter Garden! Sitting on a corner lot, the pop of coastal blue on the front of the home invites you in with the charming front porch and fresh landscape. Make your way inside to find the perfect office space behind the French doors with the custom built ins and murphy bed attached. Head back to find the open concept space with the kitchen at the heart of the home. This space features stainless steel appliances, large pantry, and a middle island with breakfast bar seating. Up the stairs you’ll find the spacious primary bedroom with the walk-in closet and ensuite to the left. Across the way are the remaining 2 guest bedrooms with the jack-n-jill bathroom in between. Step out back to your fully fenced backyard with the blank canvas green space. The path leads you back to your 2-car oversized garage that faces the back of the property with attic space. Recent upgrades include the Roof 2023, fresh exterior paint with new stucco work, new hinges and knobs on all exterior doors, hybrid hot water heater, and AC that is 7 years old. Storey Grove offers a community pool with splash pad, community room, basketball court, outdoor exercise area & tot lot. Location is key being close to Winter Garden Village, Downtown Winter Garden as well as easy access to Walt Disney World, Downtown Orlando & The Orlando international Airport that are all accessible via 408, 429 & Turnpike. Schedule your private showing today!
Source: STELLAR #o6257947
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6257947
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: #o6257947
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.