18505 STARRY ST, Orlando, FL 32833
The home and neighborhood your family has been waiting on is ready for you! The community of Wedgefield is Orlando's best kept secret! Offering an ideal location on the east side of town. With plenty of places to shop in nearby Avalon and Waterford Lakes Center and with easy access to SR528 and the International Airport (MCO) just 10 minutes away. So much to do here like taking the family to the Wedgefield Park which features a pickleball court, basketball court, sand volleyball court, play ground, dog park, baseball field, walking and exercise path, and even Wedgefield's public Golf course too. With an optional $50 annual HOA, you won't enjoy a better deal! From the community entrance at SR520 you are about 25 minutes from Cocoa Beach, Port Canaveral (Cruising), or watch a rocket launch at Titusville - Kennedy Space Center. Your new home features 5 bedrooms (or 4 & and office) all on one level. Catherdral ceilings in living areas with all of the upgrades in kitchen and bathrooms you can ask for. Gorgeous wood laminate flooring, granite countertops in kitchen and bathrooms, oversized bedrooms, double convection ovens. You will appreciate many of the improvements and upgrades completed recently such as: New propane cooktop stove 2024, New A/C replaced in 2023, New Roof replaced in June 2022, Hybrid/ Heat pump water heater replaced in 2021, water softener system in garage. This home boasts one of the premier homesites in the community with over 1 acres of land to do as you please. Plenty of room to add that detached garage, add a swimming pool, store your RV and/or boat. Set up a private showing today!
You may be able to put down less than the total down payment amount of $369,485 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: #o6213478
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.