116 Whispering Pines Way, Davenport, FL 33837
4 beds · 3 baths · 2,549 sqft
This beautiful open floor plan includes 4 Bedrooms and 3 full bathrooms a formal living room, formal dining room and a huge family room featuring a gorgeous stone fireplace. The 18"x18" ceramic floor tile enhance the look of this beautiful home; the spac ous kitchen with a separate desk space decorate with wood cabinets, Crown molding, the stainless steel appliances, the recess lights and the convenient breakfast nook, make you to feel at home already. The oversize master bedroom gives you direct access to the cover lanai. The Luxury master bath includes a jetted tub and separate shower surrounding by decorative ceramic tile with inserts, his and hers walking closets. All the oversized sliding glass doors and the amount of windows allow y ou to have a great view and access to your patio, as well as the conveniently located pool door. Neutral interior paint color, the drywall round corners and the vertical blinds compliments the cozy feeling of this beautiful home. Residents at Davenport Estates will enjoy the small town charm of this "Old Florida" village, but they also benefit from the easy access to I-4, providing convenient commute for employees of the attractions. Great shopping and dining will be found at Posner Park Retail center,
Source: STELLAR #O6274935
Financials
Source: STELLAR #O6274935
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.
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