119 Miro Dr, Davenport, FL 33837
5 beds · 5 baths · 3,083 sqft
**BIG PRICE DROP**Home has a 2.75% assumable mortgage through ROAM.* Discover your dream home in the heart of the Aviana resort community, just minutes from Disney World, Disney Springs, and world-class golfing at Providence and Champions Gate. This stunning Spanish-style residence boasts high-end finishes that will impress even the most discerning buyers. The home features waterproof luxury vinyl plank flooring throughout, except for the stairs, and a kitchen equipped with newer stainless steel smart appliances, a chic glass tile backsplash, soft-close cabinets, and a gas stove with granite countertops. The spacious layout is designed for both comfort and functionality, offering bright, open living spaces perfect for entertaining or unwinding in the tranquility of your screened-in pool, which overlooks a serene pond with no rear neighbors. This property is not only ideal as a forever home but also holds tremendous potential as a lucrative vacation rental or income-producing second home.Two matching master suites—one on each floor—offer luxurious retreats, complete with soaking tubs, dual vanities, glass-door showers, and walk-in closets. Additional features include a new AC unit and pool heater installed in 2021, a solar system that significantly reduces power bills, and an array of HOA services such as manned security, lawn care, clubhouse access, fitness center, cable TV, high-speed internet, and valet trash service. Best of all, there are no CDD fees to worry about. This home is truly the perfect blend of luxury, convenience, and value.
Source: STELLAR #o6233683
Source: STELLAR #o6233683
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: #o6233683
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.