19106 Sheldon St, Orlando, FL 32833
3 beds · 3 baths · 2,810 sqft
Under contract-accepting backup offers. Price Improvement! Welcome to your dream home in the highly sought-after Wedgefield Community! Nestled on a sprawling 2.3-acre lot with mature landscaping and fruit trees, this beautifully updated and freshly painted 2,800 sq. ft. residence offers a spacious split-floor plan with 3 bedrooms, 3 full bathrooms, and impressive 9-foot ceilings throughout. The heart of this home is the stunningly upgraded kitchen, designed with tall painted wood cabinets that extend to the ceiling, a stylish tile backsplash, two sinks, under-cabinet LED lighting, recessed lighting, brand-new appliances, and a large quartz-topped island providing ample storage. Thoughtful details, such as a convenient faucet for refilling your pet’s water bowl, add an extra touch of functionality. The kitchen is open to the dining room, which features a picturesque large window, and the living room, complete with a cozy gas fireplace. The primary suite features a tray ceiling, two walk-in closets, and private access to a spa-like bathroom. The en-suite includes two generously sized vanities positioned on opposite walls, a spacious walk-in shower, and an oversized whirlpool tub. A small adjacent room, ideal for a nursery, exercise space, or home office, adds versatility to the layout. On the opposite side of the home, two large bedrooms provide privacy, separated by a pocket door. This area also includes a bathroom and a laundry room, making it an ideal space for family or guests. The common areas feature new tile flooring, offering a sleek, low-maintenance finish. Step outside to a screened-in pool, enhanced by the owner’s addition of a pool heater, making it perfect for year-round enjoyment with family and friends. An extra-large storage area adds convenience, while the fully fenced backyard provides privacy and security. Situated in the tranquil Wedgefield Community, this home is within 20 minutes of Orlando International Airport. It offers convenient access to downtown Orlando, the East Coast beaches, and Lake Nona Medical City, all approximately 30 minutes away via FL-528, FL-417, and FL-408. Wedgefield is a golf and equestrian community with optional golf memberships and HOA fees of just $54 annualy, offering a serene lifestyle without the hustle and bustle of a crowded area. This exceptional home offers peaceful living with easy access to everything Orlando has to deliver. Schedule your private showing today and experience the charm for yourself!
Source: STELLAR #O6272638
Source: STELLAR #O6272638
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.