11156 Sweetgum Woods Dr, Orlando, FL 32832
3 beds · 3 baths · 2,203 sqft
"Welcome to this beautiful 2-story Lennar Raleigh C Elevation home in the heart of Orlando, FL 32832. Designed with both style and practicality in mind, this home offers the perfect space for your family. Featuring 3 spacious bedrooms and 2.5 bathrooms, it also includes a versatile flex room downstairs that can be used as an office, playroom, or even an extra sleeping space when needed. Step outside to the screened-in patio, ideal for relaxing or entertaining guests. The large corner lot, fully fenced yard, and extended driveway provide plenty of space for family fun and outdoor activities. The fully fenced backyard is a haven for kids and pets, and you’ll love the pavered backyard, perfect for hosting gatherings. The dry bar at the entrance from the garage adds a touch of elegance. With an extended driveway that accommodates up to three vehicles, parking is never a concern. The kitchen boasts double pantries, 42" maple wood cabinets with crown molding, and sleek quartz countertops, combining style with functionality. Inside, you'll find 17” tile in all wet areas, elegant 42” high mirrors in the bathrooms, and a walk-in closet in one of the secondary rooms upstairs. The community offers resort-style amenities including a pool, pavilion, playground, picnic tables, and grill areas. Plus, the HOA covers cable, internet, and phone service, making life even more convenient. This home truly has it all – comfort, style, and a prime location. Don't miss out on this must-see property!"
Source: STELLAR #S5123444
Financials
Source: STELLAR #S5123444
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.