13812 Cepheus Dr, Orlando, FL 32828
3 beds · 2 baths · 1,624 sqft
“This home can be purchased with NO MONEY DOWN.” Charming Carriage Home in Avalon Park – Prime Location & Move-in Ready! Welcome to 13812 Cepheus Dr, Orlando, FL 32828, a beautifully designed carriage home in the highly sought-after Avalon Park community. This 3-bedroom, 2-bathroom residence, built in 2008, offers 1,624 square feet of thoughtfully designed living space. Step inside and discover an open floor plan that seamlessly connects the spacious living area to a modern kitchen, complete with sleek countertops, ample cabinetry, and stainless steel appliances—perfect for both daily living and entertaining. The primary suite is a relaxing retreat, featuring a walk-in closet and an en-suite bath with a double vanity. Two additional bedrooms offer versatility, whether for family, guests, or a home office. Outside, enjoy your private, fully fenced backyard with durable vinyl fencing—ideal for pets, play, or outdoor dining. A standout feature of this home is the two-car garage located at the back of the house, ensuring convenience and enhancing curb appeal. Located in the heart of Avalon Park, this home is just a short walk to dining, coffee shops, banks, and shopping centers, offering the ultimate in walkability and community living. Enjoy top-rated schools, scenic walking trails, and neighborhood events that make Avalon Park one of Orlando’s most desirable places to live. Don’t miss this rare opportunity to own a charming home in a prime location! Schedule your private tour today.
Source: STELLAR #O6278926
Financials
Source: Public records
Source: STELLAR #O6278926
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.