13042 Michael Callin Aly # AT, Orlando, FL 32828
3 beds · 4 baths · 1,826 sqft
Experience urban living at its finest in this stylish three-story townhome, boasting over 1,800+ square feet with three bedrooms and three and a half bathrooms, nestled in the vibrant heart of Downtown Avalon Park. This property expertly blends modern, maintenance-free living with a warm and inviting atmosphere. Seller offering $5,000 towards buyers closing cost. Step inside and discover a seamless integration of the open-concept kitchen, café, family room, and dining area, creating an ideal space for entertaining family and friends. At the heart of the home lies the stunning kitchen, featuring gorgeous quartz countertops, stainless steel appliances, a walk-in pantry, ample cabinet space, a spacious preparation island, and elegant crown molding throughout. The kitchen gracefully flows into the dining and living areas, establishing a stylish and functional open-concept layout on the second floor. You'll appreciate the charm of the views from the balcony. The third bedroom, complete with a full bathroom, is conveniently located on the first floor, providing flexibility as a guest room, office, or third bedroom. The private master suite is situated on the third floor for your comfort. It offers a tray ceiling beautifully accented with crown molding, separate his-and-hers closets, and a modern ensuite bathroom featuring dual vanities, granite countertops, and a walk-in shower. Also on the third floor is the second bedroom, complete with its own ensuite bathroom, a decorative tray ceiling, and carpet flooring. Imagine a short stroll to enjoy all that the vibrant downtown area has to offer, including a variety of restaurants, shopping experiences, and community events right in the heart of the action. Avalon Park is renowned for its A+ rated neighborhood schools, some of the best in Orange County. The community amenities include multiple pools, tennis and basketball courts, a splash pad, a gated playground with bathrooms, jogging and biking trails, a dog park, and football, soccer, and baseball fields. Welcome to the wonderful Avalon Park Community!
Source: STELLAR #O6282746
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6282746
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.