131 PINEWOOD DR, Davenport, FL 33896
LOCATION! LOCATION! LOCATION! POOL HOME!!!Only minutes from DISNEY WORLD in city of DAVENPORT! This beautiful home is an exquisite four-bedroom home that epitomizes luxury living with its stunning pool and screened patio area which is welcoming you to baste in FLORIDA's sunlight. Nestled within a serene neighborhood, this residence offers an unparalleled blend of elegance and comfort. As you approach the property, the manicured lawn and tasteful landscaping set the tone for the grandeur that lies within. The exterior of the home exudes sophistication, with a traditional architectural design that captivates the eye. Upon entering, you are greeted by an expansive living space adorned with natural light coming from large windows which are creating an atmosphere of airiness and warmth. The living room is thoughtfully designed with plush seating arrangements, providing the perfect setting for both relaxation and entertaining. The kitchen with stainless steel appliances has everything you need to create culinary delight. The adjacent dining area offers a comfortable space to enjoy your morning coffee or just a little snack. This home has a brand new solar panels installed in February 2024. They are transferable to a buyer. All carpets were replaced with a beautiful brand new vinyl floors in 2023. This property is located only minutes from Walt Disney World area, close to Championsgate shopping and restaurants. Also only minutes from Posner Park shopping village with plenty of shopping options like Target, Homegoods, Dick's sports, BJ's, Marshalls, Burlington, Ross, PetSmart, Hobby Lobby, Ulta Beauty and more and dining options like Starbucks, Panera Bread, First Watch, Popeyes Louisiana Kitchen, Dos Panza Taqueria Cantina, Olive Gardens, Ford Garage, LongHorn Steakhouse, Ale House and many more. This home may be used as a primary residence, long term rental investment or short term rental. Please reach out to HOA to verify restrictions.
You may be able to put down less than the total down payment amount of $96,179 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #s5101280
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.