1321 CENTURY OAK DR, Ocoee, FL 34761
There's No Place Like Home... There's No Place Like Home... There's No Place like 1321 Century Oak Dr, located in the ever growing City of Ocoee, Fl. Nestled in the back of the Silver Glen subdivision, this beautiful two story home is just what the Owner ordered. It has 5 bedrooms, of which one is a downstairs Ensuite. The other 4 bedrooms and two bathrooms are located upstairs, with an open loft area to get creative with. The new laminate flooring is throughout the whole lower level, heading up the staircase and into the loft and primary bedroom. The the other 3 bedrooms, located upstairs received brand new carpeting to go with the ALL AROUND INSIDE FRESH PAINT JOB, from ceiling to floor and including the banister and stair rails. The wood and white contrast only adds to the natural lighting of this home. Walk into the open foyer where you can head to the Formal Dining Room, large enough for those family gatherings or Holiday Buffets, a Formal Living Room where you can watch the happenings of the neighborhood out side the massively large front windows or cuddle up with your favorite book and enjoy the Florida Sunshine beaming thru. As you walk thru the formal living area you'll enter into the EnSuite with not one but two closets and a full bath area with a walk in shower and rear back door leading to the outside. Head thru the Formal Dining room and you'll find the fully equipped laundry room with installed storage and removeable storage, plus a mop sink right off the fully spacious with more cabinet and more storage than you can think of, kitchen, with an electrical island, plenty of counter space, a view of the beautiful back yard and plenty of room to create your favorite recipes for your favorite people. Choosing where to serve up those favorites may be a little harder since you do have the formal dining room, the breakfast counter and the kitchen dinette space facing the back porch. And after a good meal go ahead and take your shows off, sink into your favorite piece of furniture and Relax in the adjoining family room to watch your favorite show or snuggle up to a warm fire in the wood burning stone fireplace, on those cold Florida days (yes we have some!). The beauty of this home is not only in the eyes of the new owner, but the love that it has fostered over the many years of children and grandchildren running through the halls and up and down the stairways. If the main 3300+ square feet of home isn't big enough, you can open all the sliders and windows to the attached enclosed all weather room with it's own SPLIT AC and HEATING unit. There are just so many possibilities to create your space and make your memories in this neighborhood, in this town, in this community. Convenience is right around the corner with the banks, shopping, restaurants, childcare, parks and schools right around the corner, basically everything you need, what's stopping you? Come Explore Central Florida...Come Home to the City of Ocoee. OH AND DID I MENTION?? SELLER CONTRIBUTING $5K TOWARDS BUYERS CLOSING COSTS!
You may be able to put down less than the total down payment amount of $256,804 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: #g5086517
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.