1158 Trappers Trail Loop, Davenport, FL 33896
4 beds · 3 baths · 2,418 sqft
Welcome to Country Club North, a gated community within Championsgate. Constructed in 2020, this 2-story, single-family residence provides a functional floorplan. You'll find that this home is well-suited for gathering; the kitchen, living room and dining space flow seamlessly together. In this space, perimeter windows face southeast, allowing the sun to filter in while providing vibrant green views of the nearby golf course. The screened lanai is an additional bonus for outdoor living and entertaining. Included on this main level is a half bathroom. On the 2nd floor, you'll find a loft space at the top of the stairs which provides separation between the primary bedroom and the three ancillary bedrooms. For convenience, the laundry room is on this 2nd floor as well. The list of amenities provided within Championsgate are robust and they include, but are not limited to, a Plaza Clubhouse, restaurant, gym, pool, sauna, pickleball courts, bocce ball court and a playground. Golf club membership is also an option. There is both a Country Club HOA fee and a Master Association fee, and there is a capital contribution fee, too. Property sold "As-is". Buyer and/or buyer's agent are responsible for verifying all pertinent information deemed relevant by the prospective buyer, including but not limited to square footage, acreage, utilities, taxes, zoning, permitting, condition, school zones, HOAs, etc. FEMA Flood Zone X. FEMA Map #12097C0020G. FEMA Map date 6/18/2013.
Source: STELLAR #a4623206
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4623206
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: #a4623206
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.