188 PRIMROSE DR, Davenport, FL 33837
Introducing a captivating two-story corner townhome nestled in the gated community of Williams Preserve. This elegant residence boasts three bedrooms, 2 1/2 bathrooms, and a host of upscale features. Step inside to discover an inviting open floor plan accentuated by tile floors, granite countertops, and 42-inch wood cabinets in the kitchen. The 10-foot ceilings and modern paint colors create ambiance, while the carpeted second floor offers a cozy retreat. The primary suite is a sanctuary of comfort, complete with a luxurious shower, Jack and Jill sinks in the en suite, and a spacious laundry area for added convenience. A highlight is the large custom oversized walk-in closet, ideal for organizing your wardrobe. Enjoy peaceful nights with blackout shades that enhance privacy and relaxation. Outside, the community amenities include a sparkling pool and cabana, perfect for unwinding on sunny days. Families will appreciate the tot lot to play and create lasting memories. For fitness enthusiasts, there are ample areas for walking or jogging, ensuring a healthy lifestyle. Convenience is key, with proximity to Highway 27 and Route 192, granting easy access to Disney theme parks, renowned restaurants, banks, and shopping centers. In case of emergencies, Orlando Health Hospital is just a short eight-minute drive away. Located in the vibrant city of Davenport, Florida, this townhome offers a harmonious blend of luxury, comfort, and accessibility. Don't miss the opportunity to make this your dream home in the Sunshine State.
You may be able to put down less than the total down payment amount of $100,517 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: #s5102227