1435 EL CONTE DR, Davenport, FL 33896
This beautiful townhome is within walking distance of restaurants and groceries in the desired Champions Gate! A truly upgraded, almost new (barely used second home - never rented) three-bedroom, two-and-a-half-bath townhome in the newest subdivision of Bella Trae. For the big-ticket items, the home offers a newly replaced HVAC system with UV lights (both units inside and out have been upgraded to a 2.5-ton system so residents can stay cool on both the first and second floors of their new home), a SMART thermostat, all kitchen appliances replaced for a GE Café suite, a steam washer and dryer, a new water heater, brick pavers installed on the expansive back patio as well as the surrounding patio screen, dark hand-scraped bamboo plank flooring on the stairs and entire second floor, crown molding, and all-tile on the first floor and in all baths, a walk-in closet system with granite counters, all lighting (including two massive chandeliers) and fans from Restoration Hardware, plantation shutters on all windows including the wall of sliders, upgraded crystal doorknobs and a commercial kitchen sink faucet. No expense was spared when making design decisions for this beautiful townhome. Call the listing agent for showing appointments.
You may be able to put down less than the total down payment amount of $175,642 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: #o6239879