156 Maitland Ave, Altamonte Springs, FL 32701
3 beds · 3 baths · 1,778 sqft sqft
HUGE 3 bedroom, 2 1/2 bathroom condo that looks over the pool, with lake views too!! Almost 1,800 sq ft! Located in the very desirable Lake Villas community in Altamonte Springs, with direct access to Lake Orienta, a chain of 5 lakes. This townhouse is VERY spacious. There is a cozy front porch overlooking the front garden, with sliding doors that lead to the kitchen. Great space to BBQ or just relax. The kitchen has room for a table, creating a space for eat in- kitchen. There’s an appointed closet for full size washer/dryer and built-in shelving. There is also a whole wall of additional closet/pantry space, a well appointed kitchen. There is a pass thru window from the kitchen to the dining room, a great addition for entertaining.. There is also a large patio on the back of the home, which is screened-in for comfort and overlooks the pool with views to the lake. The primary suite is over-sized, with private en-suite bathroom and 2 extra large walk-in closets. There are views of the lake and pool from the primary bedroom. Other two bedrooms are very spacious, with great closet space. Sunken Living room and dining room are very large. Drop your boat in the water and fish from your backyard, go water skiing or paddle board. Conveniently located just minutes from I-4, Altamonte Mall, Florida Hospital and many other shopping and restaurants. Monthly HOA fee covers just about everything except power, included in HOA is: lawn care, high speed WI-FI, basic cable, master insurance policy, 2 community pools & wading/child pool, community clubhouse, and all exterior maintenance including roof. Tons of nearby restaurants, some close enough to walk to, lots of nearby shopping, the Altamonte Mall, movie theaters and close to hospital. Seller was going to update flooring but decided to let new buyer create their own space, ready for your design. New electrical panel 2024. New Roof 2022, which is covered by HOA.
Source: STELLAR #o6229324
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6229324
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: #o6229324
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