1368 MIRABELLA CIR, Davenport, FL 33897
You can use the downpayment assistance programs here, seller is flexible!. Location, location, location! A well located 3 bedroom and 2.5 baths townhome in the desireable area of four corners. If you are a first time home buyer, an investor, or relocating from abroad, this home is a must see and seller is helping with a small amount for buyer's closing costs. It was well taken care of as you can see seller cared about their home and made unique designs that makes this the perfect place to live. Make your appointment and come see this beautiful home. Close to shops, commercial area, restaurants and Orlando parks. This house is fenced in the backyard and as an option comes with fridge, washer and dryer. A very beautiful open floor plan with tile on main areas, carpet on rooms, and unique designs in several parts of the house. Dont miss this opportunity of living in one of the most desirable areas of Central Florida. Community offers pool, green areas and park and very close to commercial areas and major Orlando attractions. Convenient to US-27, US-192 and Hwy. 429 Close to area employers, including Walt Disney World®, Davenport Medical Center, Advent Health Celebration and US-192 resorts. Near shopping and dining at Posner Park and Disney Springs. Short drive to family fun at Disney's Animal Kingdom®, Magic Kingdom®, Epcot® and Island H2O Water Park. Outdoor recreation nearby at Lake Louisa State Park, Northeast Regional Park, Champions Gate Golf Club and Orange Lake Resort.
You may be able to put down less than the total down payment amount of $42,635 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: #o6190330