141 MONTORO LN, Davenport, FL 33837
Welcome home to Del Webb Orlando! Truly exceptional 55+ resort-style living located in the gated golf community of Ridgewood Lakes. Convenient to shopping, hospital, restaurants, theme parks, airport and just a little over an hour to some of the world's most beautiful beaches. DRUM ROLL PLEASE! Desire a POOL HOME but thought it was out of reach? Your dream is about to come true! Extremely rare NEWER HOME with HEATED POOL in a premier 55+ community for under $400K! UPGRADES GALORE! 4FT EXTENDED GARAGE and garage storage cabinets by Closets by Design. Whole House Water Softener and Filtration System included! Enter the home through the charming front porch you will find the lovely entry and flex room to the left. This space can be used as an office, den or easy conversion to 3rd bedroom! You’ll love the look and easy care of the stylish plank tile flooring. The thoughtful floorplan showcases a spacious family/dining room combination open to the kitchen providing an ideal space for entertaining loved ones or simply enjoying your favorite TV show or a good book. Adjacent to the dining room is the well-appointed farmhouse style GOURMET KITCHEN, complete with a center island large enough to accommodate several bar stools. The stainless steel appliances (gas range) add a touch of shine and elegance, complemented by the TILED BACKSPLASH. Sleek GRANITE COUNTERTOPS and 42" UPGRADED WHITE CABINETRY upgraded with crown molding. The master bedroom boasts DUAL SINKS and WALK IN TILED SUPER SHOWER WITH GLASS ENCLOSURE gives a feel of elegance. The laundry room is fully complete with a washer, dryer, and wire shelving. The secondary bedroom and adjacent guest bath at the front of the home offers the SPLIT BEDROOM CONCEPT for ultimate privacy for you and your guests. Explore the beautiful screened, covered lanai overlooking the gorgeous pool at the back of the home, where you can savor your morning coffee, enjoy a little bird watching or host gatherings for family and friends. LAWN AND SHRUB MAINTANENCE IS INCLUDED in the LOW HOA FEE allowing you to fully enjoy the beautiful grounds without having to mow, edge and trim! Bringing a furry friend? You will love the dog park with separated areas for large and smaller pups, complete with a doggie water station! The resident owned Montecito Clubhouse is a state-of-the-art facility with 30,000 square feet of amenities. Complete with fitness center, indoor walking track, dance/aerobic studio, ballroom, craft rooms, resort-style outdoor pool, and even an indoor pool and hot tubs! Grab a bite to eat and your favorite beverage at La Tapenade Tavern where you can also enjoy live music, karaoke, trivia, and bingo Wednesday - Saturday. Looking for more activities? Try your hand at pickleball, shuffleboard, tennis, bocce ball, or basketball. How about a relaxing day playing golf at Ridgewood Lake's White Heron Golf Club? Take a stroll along the picturesque walking paths by the beautiful lakes or try your luck hooking a fish on the fishing dock. 24/7 GUARDED GATE ACCESS. BONUS - This community has NO CDD! You're just minutes away from everything you need. Shopping centers, medical facilities, hospitals, DISNEYWORLD, UNIVERSAL STUDIOS, and Legoland. 1.5 hours to the Atlantic Coast, and gulf coast and driving distance to cruise ports. PRICED TO SELL. Call today to schedule your private showing!
You may be able to put down less than the total down payment amount of $107,042 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: #s5109043
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.