16237 ADMIRALS COVE LN, Winter Garden, FL 34787
Welcome to your dream townhome nestled in the desirable resort style community of Waterleigh! Located at a privileged lot facing the park, UPGRADED with LAMINATED FLOORS upstairs and a convenient BACK ENCLOSED PORCH this stylish home differentiates itself from most of the townhomes found at the same community. This beautiful home boasts a spacious open floor plan, integrating living, dining and kitchen equipped with a large island, making the every day life more convenient. The modern kitchen features granite counter tops, stainless steel appliances, pantry and plenty of cabinet space for all your culinary needs and it is flooded by plenty of natural light coming from the large front windows. First floor half bath and attached garage are important features to consider. Bedrooms are nestled on the second floor where the laundry closet is also conveniently located. Spacious owner suite with walk-in closed, en-suite bathroom with dual sinks and a large window that allows for a bright and comfortable bedroom. Two spacious bedrooms face the beautiful open park located right in front of the home and share a bathroom with granite counter top, tub and upgraded shower head. Smart Home technology allows you to monitor and control your home from your couch or from miles away. The allure of this home extends beyond its walls. Waterleigh offers resort-style amenities including a complete clubhouse, fitness center, a sparkling swimming pool with splash area, tennis courts, walking trails, dog park plus convenient access to shopping, dining, entertainment and top-rated schools, you will have everything you need at your fingertips! One of the best places to live or invest in Central Florida! Schedule your private showing and start living the lifestyle you deserve!
You may be able to put down less than the total down payment amount of $210,449 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: #o6205908