123 Vitoria Rd, Davenport, FL 33837
4 beds · 2 baths · 1,835 sqft
This charming and move-in ready one-story home features 4 spacious bedrooms and 2 bathrooms, offering a comfortable and modern living space. The open concept design is perfect for those looking for a primary home, second/vacation home, or looking to invest in a property with short-term rental potential. Key features include: Fully fenced yard for privacy and security, Tesla energy solar system (installed in 2018) with a 13.5 KWH capacity, paired with a Tesla battery backup (replaced in 2020) to provide energy efficiency and peace of mind. Water softener & kitchen reverse osmosis system for clean, soft water throughout the home. The kitchen features granite countertops and 42" cabinets. Both bathrooms feature granite countertops, adding a touch of luxury and durability. The backyard features lush fruit trees such as papayas, persimmons, oranges, mangoes, bananas, avocados, and guavas, with plenty of room for gardening. This home may qualify for a USDA loan with no down payment required, making it an ideal opportunity for first-time buyers or those seeking to purchase with minimal upfront costs. Located close to major highways, shopping, and I-4 through Champions Gate or US-27. Minutes from popular attractions, entertainment. Schedule your showing today!
Source: STELLAR #O6280317
Financials
Source: STELLAR #O6280317
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.