1510 Orange Valley Rdg
Ocoee, FL 34761
4 beds · 2 baths · 2,275 sqft
$499,900
Get prequalifiedAbout this home
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. ASK ABOUT THE ASSUMABLE MORTGAGE WITH 3.375% INT. RATE! Nestled within a beautiful gated community, this stunning like-new residence represents modern elegance & comfort. Built in 2019, it has since been meticulously enhanced and upgraded. The residence is on a near 1/3 acre corner lot and is in a prime location with lake view. Upon arrival, one is immediately struck by the manicured landscaping, inviting facade, and newer exterior paint. In addition to its impeccable design and amenities, this home is also environmentally conscious, boasting a natural gas tankless water heater. Step through the front door into refined comfort, where 12x12 ceramic tiles pair with the open living areas. High ceilings soar overhead, creating an airy ambiance that invites relaxation. Large windows bathe the interior in natural light while offering picturesque views of the surrounding landscape and lake. The heart of the home is undoubtedly the gourmet kitchen, with abundant cabinets providing ample storage, granite counters, a GAS cooktop, and an oversized island to offer functionality and a walk-in corner pantry. Adjacent to the kitchen, enjoy a spacious formal dining room for leisurely meals with loved ones. The home's split plan layout ensures privacy and convenience for all residents. The primary suite boasts plush carpeting and a double-door entry to the private bath retreat, with a large glass walk-in shower, a soaking tub, a double sink vanity with granite countertops, and a deep walk-in closet. Three additional spacious bedrooms offer comfort and flexibility. The additional guest bathroom is tastefully decorated with modern fixtures & finishes. Venture outdoors to discover a true oasis for relaxation and entertainment. The patio provides ample space for dining and lounging, while the backyard offers space for a POOL, or a haven for playtime with furry friends who need exercise. Beyond the confines of the home, the gated community offers amenities such as a pool, gym, pet-friendly play areas, 4 parks & direct access to the West Orange Trail. With easy access to major thoroughfares, including the 429, 408, 414, and Turnpike, commuting is a breeze. Don’t wait to schedule a showing, call today to claim your slice of paradise!
Source: STELLAR #g5084707
5-year savings
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.