118 Mitchell Creek Way, Oviedo, FL 32765
3 beds · 3 baths · 1,496 sqft sqft
GREAT NEWS!! **SELLERS ARE OFFERING A $5,000 CONCESSION TO HELP BUYERS WITH CLOSING COSTS** (with the right purchase price) So... don't miss your chance to own this stunning move-in ready townhome, nestled in a gated community with luxurious amenities! Built just 7 years ago, this end-unit modern home with endless upgrades, offers 3 spacious bedrooms and 2.5 bathrooms and plenty of large closets for storage. The main floor features an open layout with sleek flooring--no carpet anywhere--providing a contemporary and low-maintenance lifestyle. The kitchen features oversized high-end cabinets, a gorgeous backsplash, a beautiful center island, a pantry and plenty of room for a dining table. A lovely accent wall sets off the living area with a pretty, electric fireplace and large sliding glass doors which lead to a comfortable screened-in back porch for relaxing and entertaining. Upstairs, you'll find a cozy loft area, the primary suite with a large private bathroom, 2 more nice bedrooms and another full bathroom. The laundry room is conveniently located near the bedrooms. This home boasts an attached garage with an oversized pavered driveway for extra parking. Residents can also enjoy the community pool and park, plus the safety and privacy of living in a gated community. With its prime location in sought-after Oviedo, within the highly rated school district, near excellent shops and restaurants, this move-in ready townhome is a rare find. Don't miss out on the chance to make it yours. Schedule your private showing today!
Source: STELLAR #o6232027
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6232027
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: #o6232027
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.