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16702 Otterchase Ln, Winter Garden, FL 34787

4 beds · 5 baths · 3,597 sqft

Under contract-accepting backup offers. *INCLUDED Tesla solar is PAID in FULL! Properly named “Waterside”, this luxurious gated community was created to savor the shoreline along Johns Lake. Stunning resort style amenities are perched high above the waters edge to fully experience the natural beauty. A perfect escape to enjoy a swim & daily workout in the fitness center. Classic mediterranean architecture keeps the community cohesive w/ pristine lawns & an array of tasteful tile roofs. When constructing these homes, the truss systems are reinforced to accommodate the weight of the tile, more sturdy than a shingle roof. Quality and durability are important things to consider when purchasing a home in Florida’s tropical climate! Elegant & functional this residence has a thoughtful floor plan that will tick all the boxes! An expansive paver drive & walkway leads to a quaint courtyard entrance, a lovely spot to enjoy a glass of wine by moonlight! The home opens up to a foyer w/ high ceilings, lots of natural light & a coat closet! To the right, an office with double glass doors has a private courtyard view & to the left a conveniently located 1/2 bath for guests. A corridor then leads to a bedroom (currently used as an exercise room), full bath & additional storage closet! The main living space is huge with tons of windows overlooking the pool, spa & lanai! Finishes include hardwood floors, neutral paint scheme, crown moulding and custom lighting and fans. The primary suite also shares a backyard view along with a DREAM closet 14x12, soaking tub, walk-in shower and his & her sinks! There’s even a sit down makeup vanity w/ additional storage that matches the custom closet system! This gorgeous residence does not disappoint! The kitchen has a large island, walk-in pantry & quality appliances, including a gas range. Real wood cabinetry & granite counters span across into the nook. No need for a formal dining space! Sliding doors open onto the covered lanai w/ room for both outdoor dining & relaxing! The heated pool & spa have a salt system w/gas heater! The backyard is fenced and does have room for your pets to get outside for a bit! And yes, there is a bath just off the kitchen with a pretty shower, vanity & exterior door access. A sizeable laundry room w/ sink & storage sits just off the kitchen w/ an area for a desk or extra refrigerator. Another private bedroom suite, making that 3 on the main floor, has a private bath w/ shower. A drop zone, mudroom/hallway is just inside from the 3 car garage for backpacks & additional storage! The tiered staircase leads to a massive bonus room, bedroom & full bath! A great spot for a pool table or 2nd family room! Ample use of windows keeps this home cheerful w/ beautiful blue sky views in every direction! This quaint corner of Orange County offers an easy commute to all of central Florida’s attractions, downtown Orlando & the international airport. Just a few miles from a local favorite, Historic Downtown Winter Garden! Enjoy the weekly Farmer’s Market on Saturday mornings along with monthly and seasonal celebrations year round! The West Orange Bike Trail runs through the middle of town w/ a splash pad, posh restaurants, specialty boutiques, coffee shoppes & more! Enjoy the historic architecture with brick streets and a true hometown feel! Be sure to visit The City of Winter Garden’s website to find out “Where Good Things Grow”, a great the place to live, work & play for ALL ages!

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Use two fingers to move the map
Details
Home
Size
3,597 sqft
Lot size
0.2 acres
Year built
2019
Type
Single Family Residence

Source: STELLAR #o6236132

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?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Oct 08, 2024 09:00 am
Listing agent: Autumn Makin (352) 455-0044
Listing provided courtesy of: LAKEFIELD REALTY GROUP LLC (407) 383-6497
Details provided by STELLAR and may not match the public record.
MLS ID: #o6236132
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.