13545 Tetherline Trl, Orlando, FL 32837
3 beds · 2 baths · 1,699 sqft
Under contract-accepting backup offers. This charming 3 bedroom, 2 bathroom home is perfect for a first time home buyer or an investor looking to add to their portfolio. Perfectly priced including the benefits of: NEW PLUMBING 2024, NEW WATER HEATER 2024, ROOF REPLACED 2021 and AC REPLACED 2014. The AC is serviced twice a year and the last cleaning/service was August of 2024. The AC had 3 major components replaced in 2022 - Thermal expansion valve, filter drier and UV light. Gutters and french drain were put in Aug 2023. A true gem! This spacious home features a split floor plan, three well-appointed bedrooms, formal living/dining room, separate family room and a spacious kitchen. The master bedroom offers custom built walking closet and a spacious bathroom with separate shower and tub. Enjoy the Florida sunshine in the private backyard or relax in the large screened porch with no rear neighbors. The community offers waterfront amenities, including a huge Pool with Waterslide, Tennis & Basketball courts, Playground, Walking Trails and Lake viewing Deck. This home is located just south of Town Center Blvd and walking distance to Rated A - Endeavor Elementary School. Falcon Trace Community is located near Hunters Creek, Super Target, The Loop and Crosslands Shopping centers. Conveniently situated, the FL Turnpike and 417 are 3 min away, simplifying your daily commute and providing access to Orlando Int'l Airport, Lake Nona Medical City, Disney Parks & Downtown Orlando in a breeze. A rare find offering comfort and convenience!
Source: STELLAR #o6239518
Source: STELLAR #o6239518
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.
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.
MLS ID: #o6239518
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.