1518 Sophie Blvd, Orlando, FL 32828
3 beds · 2 baths · 1,244 sqft sqft
**WOW, NEW ROOF will be added before Closing!! ** This property qualifies for a $7,500 grant from Lender ** Welcome to this affordable 3 bed, 2 bath home next to UCF and Waterford Lakes Town Center! An END UNIT townhome style duplex located next to the neighborhood’s overflow guest parking lot that makes it convenient for you to have guests over! Upon entering is an open living and dining room space along with a high top BREAKFAST BAR that connects to a SPACIOUS KITCHEN. The INDOOR LAUNDRY area makes it convenient to access, plus the nice WASHER and DRYER SET is INCLUDED with the home! A wonderful SPLIT BEDROOM FLOOR PLAN. The Primary bedroom features a private bathroom and a walk-in closet. Enjoy the PRIVATE SCREENED BACK PORCH next to a 2-CAR DRIVEWAY designated specifically for this unit. The AFFORDABLE HOA gives you access to a COMMUNITY POOL just down the street and the HOA INCLUDES LAWN MAINTENANCE regularly. AMAZING LOCATION with only a 5 minute drive to Waterford Lakes Town Center where there’s a whole array of shopping, entertainment, restaurants and a large movie theater, and a quick 10 minute drive to UCF ( University of Central Florida). It’s also right next to the Alafaya Branch Library of Orange County that features weekly family-friendly events, classes, and free resources for the community. Easy access to highway 408 and a 30 minute drive to Cocoa Beach. Don’t miss your chance to own this property! SEE MORE IN THIS VIDEO TOUR --> WWW.TINYURL.COM/1518SophieBlvd
Source: STELLAR #o6235973
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6235973
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #o6235973
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.