1671 Loralyn Dr, Kissimmee, FL 34744
3 beds · 2 baths · 1,770 sqft sqft
As Is. Seller found a house motivated to sell. Brand New Roof onux Owen Corning. Welcome to this charming property nestled on a spacious . 0.80-acre lot in Kissimmee, offering the perfect blend of tranquility and convenience. Situated in an area free from homeowner association regulations, this residence provides a rare opportunity for comfortable living without the added restrictions. Boasting a prime location, this home is a mere 5-minute drive from essential amenities such as the FL Turnpike, Valencia College, Downtown Kissimmee, and the burgeoning Neo city development. Built with enduring strength in 1973, this beloved home has been meticulously maintained and thoughtfully updated to meet modern standards. Upon entering, you'll be greeted by a newly added Quartz island in the kitchen, a haven for culinary enthusiasts seeking both style and functionality. The kitchen seamlessly flows into a spacious family room, creating an inviting space for gatherings and relaxation. Numerous updates enhance the appeal and functionality of this residence, including a new AC system installed in 2020 and a new Water Pump for the well, ensuring optimal comfort and efficiency. In 2022, both the home's electrical panel and wiring were updated, and the plumbing was completely replumbed, providing peace of mind for years to come. Beyond the confines of this exceptional property, the vibrant community of Kissimmee offers an array of recreational opportunities. From the scenic Lakefront Events and Heritage Park just 10 minutes away to The Loop, a premier shopping and dining destination a mere 15 minutes from your doorstep, every convenience and entertainment option is within easy reach. With neighboring million-dollar homes, the intrinsic value of the land alone is evident, presenting an unparalleled investment opportunity. Schedule your showing today ! Assumable mortgage at 5.625%
Source: STELLAR #t3517222
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3517222
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: #t3517222
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.