1112 Myrtle Hammock Ln, Davenport, FL 33837
4 beds · 3 baths · 2,986 sqft
Short Sale. SHORT SALE! REDUCED PRICE!!! WELCOME HOME! BEAUTIFUL, LIKE NEW ONLY LIVED IN FOR 6 MONTHS, ALMOST 3,000 sq.ft. in a CULDESAC NO through traffic. featuring 10 FT CEILINGS, 4 Bedrooms, 2.5 Baths, 2 car garage, Nestled in a growing prime location, in the very desirable community of PRESERVATION POINTE. Don't miss out on this rare opportunity to experience the ultimate blend of comfort and accessibility. This beautiful VERO Model offers an open floor concept design featuring a grand entrance foyer, a first-floor DEN/OFFICE with French doors that provide great flex space which can easily be converted into a downstairs bedroom, a second floor Loft for additional living / entertaining space. You will love the spacious Family Room overlooking the rear covered Lana. Tile flooring is featured throughout the 1st-floor. The kitchen features upgraded cabinets, stone countertops, and an over-sized island. The over-sized Primary bedroom has an end suite, including a walk-in closet, dual sinks, and a spacious walk-in shower. The home exterior includes a brick paver driveway, and a covered Lanai. Energy-efficient water heater. Preservation Pointe is close to the popular Posner Park, with dining, shopping, and Imax theater. Very close to THEME PARKS, RESTAURANATS AND MORE. DO NOT MISS OUT on this incredible, better-than-new property for sale with MANY upgrades and attention to detail. What are you waiting for, SEND ME YOUR OFFER! As-Is with the right to inspect.
Source: STELLAR #s5107069
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5107069
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: #s5107069
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.