1111 Royal Ridge Dr, Davenport, FL 33896
4 beds · 3 baths · 1,659 sqft
Welcome to your future retreat—a delightful four-bedroom, three-bathroom residence that combines style, comfort, and a connection to nature. Built in 2005, this home is nestled in a serene environment with views of conservation areas and lush landscaping. Its single-story floor plan provides ease of living, offering a harmonious blend of space and functionality. The moment you step inside, the open floorplan greets you with a sense of spaciousness, enhanced by its seamless design connecting the kitchen, dining, and family room. The heart of the home, the kitchen, boasts ample space for culinary adventures, complete with a tiled floor that ensures durability and easy maintenance. Adjacent, the living room offers a generous expanse for relaxation and entertaining, featuring large windows that frame peaceful outdoor views. Each of the bedrooms provides a personal retreat with cozy carpeting underfoot. The primary suite is a haven of comfort, with ample dimensions, a walk-in closet, and an ensuite bathroom designed for unwinding. The primary bathroom offers a tub and a separate shower, providing the luxury of choice for your daily routine. Two additional well-sized bedrooms and a third, versatile bathroom ensure everyone’s needs are met. Outdoor living is just as inviting. A screened patio provides a perfect space for morning coffees or evening relaxation, while the private, in-ground pool offers a refreshing escape on warm days. Surrounded by natural beauty and thoughtfully lit for ambiance, this pool area invites both quiet reflection and lively gatherings. Mature trees and landscaping create a picturesque backdrop and a sense of tranquility. Practicality is not overlooked—this home includes a single-car garage equipped with a garage door opener and curb parking, making everyday life more convenient. Central air conditioning and tile flooring throughout the living areas keep the home cool and comfortable. Laundry needs are efficiently managed with a dedicated area for washer and dryer use. This property is more than just a home; it’s an opportunity to embrace Florida living at its finest, combining modern comforts with timeless appeal. Make this beautiful space your own sanctuary and enjoy everything it has to offer.
Source: STELLAR #TB8323589
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8323589
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.