1117 NORMANDY DR, Kissimmee, FL 34759
Welcome to your future forever home! This spacious 3-bedroom, 3-bathroom residence features a versatile bonus room, perfect for conversion into a 4th bedroom or a home office. The property sits on well-maintained oversize lot that measures just under half acres. This property combines comfort and potential. Step inside to discover high ceilings and wood-like laminate flooring throughout, adding an elegant touch to the living spaces. The expansive primary bedroom offers a charming window nook, ideal for curling up with a book or enjoying a morning coffee. Entertain with ease in the generous 20x14 kitchen, designed for culinary enthusiasts and social gatherings. Although it could use a few updates, the kitchen's layout promises functionality and style. The open-concept living and dining areas seamlessly blend, creating a welcoming atmosphere for family and friends. A separate family room opens up to a large backyard, perfect for hosting game nights and BBQs. This home boasts solid construction and immense potential for customization. Enjoy the benefits of a low HOA fee that covers internet services, access to a community pool, playground, sporting amenities and more. The property is perfect to utilize as a primary residence, second home or investment property. This home is short distance from HCA Florida Hospital, Valencia Poinciana Campus, Walmart Supercenter & Publix as well as many other local shopping and dining options. Don't miss the chance to make this house your own. Call today to schedule your private tour and see the endless possibilities that await!
You may be able to put down less than the total down payment amount of $103,792 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6227520