141 Montoro Ln, Davenport, FL 33837
2 beds · 2 baths · 1,434 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. 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!
Source: STELLAR #s5109043
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #s5109043
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.