1361 Yorkdale Rd, Davenport, FL 33837
4 beds · 3 baths · 2,484 sqft
Discover this beautifully designed 4-bed, 3-bath home, built in 2021 by Park Square Homes. COMES WITH SOLAR PANEL PACKAGE providing very low energy costs averaging $25-$80 per month! Located in the vibrant community of Davenport, FL, this property combines luxury with functionality, ideal for family life. This home features 4 spacious bedrooms, 3 full bathrooms and over 2,300 sq ft of modern living space. A cozy front porch greets you before you enter the home. Some of the highlights of this like-new home are the open kitchen, complete with sleek modern appliances including a Samsung Bespoke designer refrigerator, quartz countertops, farmhouse sink, cooktop, built-in microwave & oven for easy access and ample storage. The flooring was upgraded with stylish ceramic tile throughout downstairs. Enjoy the bonus room downstairs which can be used as an office, den, workspace or craft nook. Upstairs has a versatile loft area perfect for a playroom or additional living space. The primary bedroom features a modern bathroom with a walk-in shower and built-in bench, dual sinks and a massive walk-in closet. There is a convenient laundry chute from the second floor down to the laundry room equipped with Samsung washer and dryer set. Off the living room there is a covered lanai and a spacious backyard, perfect for entertaining. The two-car garage with additional storage options offers plenty of parking. The community amenities include: a playground, soccer field, swimming pool. Enjoy these with a LOW HOA of just $207 per quarter! No CDD fee. Situated in a growing area of Davenport, this home is just 30 minutes away from Disney World, making it a perfect spot for both relaxation and fun. Close to schools, and shopping centers, you’ll have everything you need within reach. Schedule your showing today! 3D Tour: https://nodalview.com/s/2inz4Ti9z6remwJ_bbXgJ9
Source: STELLAR #O6249209
Financials
Source: Public records
Source: STELLAR #O6249209
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.