14154 DOVE HOLLOW DR, Orlando, FL 32824
Beautiful 2-story Executive Home in Lake Preserve, on the very edge of Lake Nona Medical City, The VA, Boxi Park, KPMG, Disney Campus, Nemours Hospital, and so much more! This home offers a very well planned, spacious & functional layout. Charming Formal Dining and Living Room overlooking a Lanai & Fully Fenced Backyard, great for family entertainment. This Two Story Home has a Split Floor Plan, featuring 4 Bedrooms & 2 1/2 Bathrooms. The bedroom downstairs may be used as a Master Bedroom or a Mother-InLaw suite. It includes Dual Vanities with plenty of cabinetry, a Large Step-In Shower, and a Separate Garden Tub offering plenty of space & comfort with access to an Open Porch and Fenced Backyard. The Gourmet Kitchen includes Stainless Steele Appliances, Breakfast Nook, and Spacious Casual Dining Area. The laundry room is located upstairs for convenient laundry days, as well as a spacious Loft and the three other bedrooms. Community amenities include a Clubhouse, a zero-entry Pool just a block from the house with Water Features and Shade Pavilions, Playgrounds, Walking Trail, Lakefront Sundeck, Boat Ramp, and a Fishing Dock. Only 0.5 miles from Stoneywyck Elementary School, 8 Minutes to Lake Nona's Medical City, Sports District, Town Center, the new lake Nona Performance Club, Boxi Park, over a dozen restaurants and weekly and monthly events, festivals, and farmer’s market. Close to Shopping, Dining & Entertainment! Minutes away from Orlando International Airport, Main Roads with easy access to Downtown Orlando, the Attractions, and the Beach. Make this home yours and enjoy a location that offers easy access to all things that make Central Florida an awesome place to live! Schedule your appointment today before is gone! Currently occupied by tenants paying $3,000. Lease expires September 30th, 2024. Lease Agreement must be honored by new owner.
You may be able to put down less than the total down payment amount of $273,715 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: #o6207853
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.