1832 Corner Meadow Cir, Orlando, FL 32820
3 beds · 2 baths · 1,492 sqft
Welcome Home to 1832 Corner Meadow Circle, Orlando, FL 32820! Imagine stepping into the heart of your move-in ready home—where every detail invites family togetherness. The gleam of stainless steel appliances hints at future culinary adventures, while the spacious countertops await the laughter and messes of baking sessions with the little ones. The open-concept design ensures that even as meals are prepared, conversations flow effortlessly into the adjoining living spaces, keeping everyone connected. Beyond the kitchen, the home unfolds into areas designed for both relaxation and play. The living room, bathed in natural light, becomes the backdrop for movie nights and cozy storytelling sessions. Each bedroom offers a sanctuary of comfort, with the master suite providing a private retreat after a day filled with family activities. Step outside to your fully fenced backyard, a safe haven where kiddos can run and play freely. The patio is perfect for weekend barbecues, where friends and family gather under the open sky, creating memories that last a lifetime. Located in a family-friendly neighborhood, this home is just minutes from top-rated schools, parks, shopping, and major employers like UCF—making it an ideal choice for young professionals and growing families alike. ? Your next chapter starts here! Don't miss this opportunity to own an updated home in Orlando—schedule your private showing today!
Source: STELLAR #O6288957
Source: STELLAR #O6288957
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.