143 DRAYTON AVE, Davenport, FL 33837
Welcome to your dream home nestled within the prestigious gated Golf community of Providence! This exquisite Toll Brothers residence boasts elegance and comfort at every turn and a new roof in 2020. As you approach, marvel at the modern stone exterior complemented by an extended red pavered driveway leading to your spacious 2-car garage. Situated on a large corner lot, this home exudes curb appeal. Step inside to discover 3000 sq ft of meticulously designed living space. The foyer welcomes you with its bright ambiance, courtesy of natural light filtering through the arched columns. With 9ft ceilings downstairs and 10ft ceilings upstairs, the sense of openness is unparalleled. The main floor features modern wood-look plank floors, seamlessly connecting the living areas. You'll find two large living spaces, one conveniently adjacent to the kitchen which is perfect for entertaining. Whether hosting a formal dinner party or enjoying a casual meal, the formal dining area and kitchen nook offer versatile options. The heart of the home lies in the gourmet kitchen, boasting 42-inch cherry cabinets, sleek black granite countertops, and black appliances including a built-in oven, microwave, and flat-top cooker. Showcase your fine china in the elegant glass-insert cabinet while enjoying ample storage and a convenient breakfast bar. Escape to your own private oasis in the backyard, where a screened-in pool awaits surrounded by lush, mature landscaping. Bask in the tropical vibes and soak up the afternoon sun, making every day feel like a vacation. At the top of the stairs, you're greeted by a bright and spacious loft, perfect for a playroom, home office, or flex space to suit your needs. The primary bedroom is truly a sanctuary, offering ample room to unwind and recharge. But it's the walk-in closet that truly steals the show, stretching the entire length of the bedroom and providing abundant storage for your extensive wardrobe, shoes, and accessories. Adjacent to the bedroom lies the luxurious master bathroom. Immerse yourself in the oversized Jacuzzi tub, perfect for soaking away the stresses of the day or step into the walk-in shower with its sleek glass stall. Dual vanities with his and her sinks offer convenience and style, while ample counter space provides the perfect spot for your daily grooming routine. Venture further into this exceptional Toll Brothers home to discover three additional spacious bedrooms, each offering comfort and functionality. These bedrooms provide ample space for family members or guests, ensuring everyone enjoys their own private haven. Don't miss the opportunity to make this luxurious retreat yours! Schedule a showing today.
You may be able to put down less than the total down payment amount of $189,082 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: #s5104085