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141 Montoro Ln, Davenport, FL 33837

2 beds · 2 baths · 1,434 sqft

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!

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
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Details
Home
Size
1,434 sqft
Lot size
0.12 acres
Year built
2020
Type
Single Family Residence

Source: STELLAR #s5109043

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?

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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?

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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?

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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?

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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?

expand content

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.

View all FAQs
Last updated: Oct 08, 2024 09:51 am
Listing agent: Shelly Hertel (503) 504-3969
Listing provided courtesy of: GATHERING ROOM REAL ESTATE (503) 504-3969
Details provided by STELLAR and may not match the public record.
MLS ID: #s5109043
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.