1150 N Hampton Dr, Davenport, FL 33897
4 beds · 3 baths · 1,780 sqft sqft
Don't miss the chance to own this versatile and spacious 4-bedroom, 3-bath home with a split bedroom floorplan in the desirable Highlands Reserve Golf Community! With a side-entry 2-car garage and inviting pool area, this home is an ideal choice as a primary residence, short-term rental investment, or a personal vacation retreat. Step inside to a spacious foyer leading to an open-concept living room and dining area, perfect for entertaining or family gatherings. Just off the entry, one of the 4 bedrooms that boasts a private ensuite bath, while the opposite side offers 2 additional bedrooms sharing a full bath and a convenient laundry room with Samsung appliances. Beyond the dining area, the kitchen shines with stainless steel appliances, only 3 years new, and adjoins the living room for effortless entertaining. The primary bedroom, tucked away for privacy, features a large walk-in closet and ensuite bath. Through sliding glass doors off the dining room, step into your screened-in patio and pool area, an ideal space for morning coffee or unwinding in the evenings. With recent upgrades, including a new HVAC system (2 years) and roof (1 year), pool resurfaced, new pool filter and pool pump June 2024. This home is truly move-in ready. The Highlands Reserve community further enhances your lifestyle with amenities like a pool, playground, tennis courts, and a golf course – ensuring activities for everyone! Located near Highway 27, you’ll find easy access to dining, shopping, and theme parks. Whether for full-time residence or investment, this property provides unmatched flexibility, offering both short- and long-term rental options. Embrace the opportunity to own a home that checks every box in a community that has it all – schedule your private tour today!
Source: STELLAR #o6253133
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6253133
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: #o6253133
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.