1316 Olympia Park Cir, Ocoee, FL 34761
4 beds · 3 baths · 2,338 sqft sqft
Welcome to your charming 4-Bedroom, 3 bath Family pool home in the desirable Lake Olympia North Village. This beautifully maintained 4 bed, three bath residence is nestled in the heart of Ocoee's sought after neighborhood.With its inviting curb appeal and spacious interiors, with a three car garage, this property is perfect for families or anyone seeking a comfortable and stylish Florida living space with a pool!. Step inside to your spacious living room and dining room with a tray ceiling, featuring large windows that flood the space with natural light. Enjoy the updated kitchen with plenty of cabinet space and a closet pantry. Enjoy breakfast while dining in the bay window area over looking the pool. The kitchen overlooks the cozy family room with a vaulted ceiling and a fireplace for family gatherings. The generous master bedroom, complete with an en-suite bathroom with tub and a walk in closet. Three additional well sized bedrooms and two baths provide plenty of space for family or guests.The back yard pool area is perfect for entertaining your guests. This home is located just minutes from major highways, schools and shopping. Roof is 2018, Water heater is 2020. Newer water softener. For more information schedule your showing today.
Source: STELLAR #o6247528
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247528
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.
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: #o6247528