15490 Sweet Orange Ave, Winter Garden, FL 34787
4 beds · 4 baths · 3,200 sqft
This home is located in the prestigious Summerlake community! Upon entering, there is a comfortable office with French doors. As you continue down the arched foyer, you pass the dining room containing a wine room. Next is the powder room. The signature kitchen contains granite and quarts countertops, premium appliances, 3 shelf dish washer, pot filler, upgraded cabinetry and an oversized island seating 6. The family room with large sliders, has an excellent view of the heated pool, outdoor kitchen, gas fireplace, gas firepit and protected preserve. The modern on-suite bathroom offers a glass shower and tub. The remaining bedrooms and bathrooms are located on the second floor. The guest room has its own full bath. The remaining bathroom has a double sink and a separate toilet / shower room. The oversized bonus room will accommodate anything you desire. There is also crown molding and ceiling fans throughout the home. Enjoy the nightly Disney fireworks. The pool is heated and lite with stairs. The screen house has modern lighting. There is white maintenance free fencing enclosing the rear of the property. The home has a 15KW Tesla solar system / battery. Located in the vibrant Summerlake community, this home offers easy access to local amenities, top-rated schools, and major roadways, all while providing a tranquil retreat.
Source: STELLAR #a4624706
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4624706
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: #a4624706
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.