175 DUNCAN TRL, Longwood, FL 32779
Welcome to this well maintained 3-bedroom, 2-bathroom home in the sought-after Wekiva Hills community! Located in the heart of Longwood, this spacious residence offers the perfect blend of comfort, convenience, and Florida charm. The curb appeal is noticed immediately upon arriving at the home! Step into the home and take in the many unique features: cathedral ceilings that have beautiful cedar wood beams and trim, a cozy fireplace in the large family room perfect for entertaining, modern vinyl flooring, a separate formal dining room, an updated kitchen, updated bathrooms, and a clear view of the rear yard that overlooks the trail with a water view! The current homeowners have done some updating: brand new 09/24 dual pane hurricane windows and 3 sliding doors, hot water heater, HVAC, electrical upgrades, garage door and opener, replaced porch roof, exterior of the house painted, screened enclosure flooring, ceiling fans, front storm door, side garage door, and garbage disposal! Wekiva Hills offers plenty of amenities, including parks, walking trails, and easy access to Wekiva Springs State Park, ideal for nature lovers.This home is located in a top-rated school district and is just minutes from local shopping, dining, and major highways, making commuting to Orlando or surrounding areas a breeze. Don’t miss the opportunity to own this stunning home in a prime Longwood location! Schedule your private tour today!
You may be able to put down less than the total down payment amount of $136,961 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: #g5086891