138 Lake Dr, Orlando, FL 32835
4 beds · 2 baths · 1,248 sqft
One or more photo(s) has been virtually staged. Discover this delightful, IN READY family home featuring 4 BEDROOMS and 2 BATHROOMS, nestled in the desirable Joselin Grove Park subdivision of West Orlando. As you enter, you will find a SPACIOUS LIVING ROOM with High Ceilings, complemented by a Dining area that opens through Glass Sliding Doors to a Fenced Backyard. Enjoy Laminate Flooring throughout the Bedrooms, Living Room, Dining Room and Kitchen. INTERIOR UPGRADES include DOUBLE-PANE, INSULATED WINDOWS throughout. The Fully Equipped Stylish Kitchen boasts STAINLESS STEEL APPLIANCES, GRANITE Countertops, a stylish GLASS TILE BACKSPLASH, a large Pantry Closet, and a Breakfast Bar with Pendant Lights. Both bathrooms have been tastefully updated with Vessel Sinks and New Countertops and Cabinets. The Primary Bathroom also includes NEW SHOWER GLASS DOORS as well as Travertine stone tiles. EXTERIOR ENHANCEMENTS include a Roof and AC Unit installed in 2015, Pavers at the entryway, a NEW ENTRANCE DOOR, an INSULATED WIND-RATED GARAGE DOOR and a Vinyl Fence door leading to the backyard. The Fully Fenced backyard includes a Utility shed, and it is surrounded by mature trees that provides a private space perfect for entertaining. This split floor plan ideally places the primary suite away from the other bedrooms, providing privacy for the owners with a growing family or roommates. And best of all, THERE ARE NO HOA FEES! For OUTDOOR LOVERS, Rose Place Park is just a short stroll away, featuring Walking Trails and a play area for the little ones. This home is CENTRALLY LOCATED near major roads, such as I-4, 408 and the Turnpike. It is close to many shops and restaurants, with downtown and theme parks just minutes away. Don’t miss the chance to see this gem—Make It Yours Today!
Source: STELLAR #o6251019
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6251019
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.
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: #o6251019
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.