1969 TRAVERSE WAY, Kissimmee, FL 34746
***Seller’s current loan on the home is eligible for an assumable mortgage with the loan amount being $268,000 at a 2.75% interest rate and closing costs of the assumable mortgage not to exceed $900 Buyer can make offer with an additional loan or pay the difference in cash for the balance to close.*** Why wait for new construction when you can buy like-new now?! Welcome to this 4 Bedroom, 2 1/2 bathroom, 2 car garage, with over 2,300 sq ft of living space nestled in the highly sought-after community of Storey Creek. This 2 story smart home greets you with plenty of curb appeal, from the moment you arrive with the well-maintained landscaping and vinyl siding! As you step inside, you’ll come upon the foyer entrance with a bar area for coffee and spirits and half bathroom for guests to use. You’ll immediately notice this beautifully appointed home has been lovingly and meticulously cared for, with an open floor plan and all the bedrooms being located on 2nd level, making this home perfect for entertaining and added privacy. The spacious living room seamlessly flows into the dining area and kitchen providing lots of natural light, creating a warm and inviting atmosphere. The kitchen is a chef's delight with the stainless steel appliances, quartz countertops, walk-in pantry with an organizing system, 42” cabinets with lighting underneath, and large center island with a breakfast bar, perfect for entertaining! Heading upstairs away from the hustle and bustle, you’ll come upon the family room, perfect for a home office or flex room. The spacious primary bedroom is your own personal oasis, which features a large walk-in closet and en-suite with a dual sink vanity, quartz countertops and well lit oversized mirror, linen closet, water closet for added privacy, glass framed shower, and garden bath, perfect for soaking the day away! Also located upstairs are 3 additional guest bedrooms, a laundry room for added convenience, and a full bathroom that features a dual sink vanity with quartz countertops, and well-lit oversized mirror, and shower tub combo. More notable features of the home include modern/rustic light fixtures, solar panels, recessed lighting, garage racks, and much more! Heading back downstairs through the sliding glass door you’ll come upon the back lanai, overlooking the fenced-in backyard with a huge brick paver patio, perfect for hosting the summer BBQ! Looking for more fun? The Story Creek community offers plenty of amenities including a dog park, playground, community pool, tennis and pickleball courts, sand volleyball courts, basketball courts, walking trails, and lawn maintenance! This coveted address benefits from close proximity to top-rated schools, diverse shopping and dining options, along with convenient access to major highways making commuting, traveling, or heading to the theme parks a breeze. 1969 Traverse Way presents a perfect blend of style, and comfort, and is perfect for entertaining guests. This home comes with a solar panel system with the homeowner paying $137 a month for the loan of the solar panel system and a $0 electric bill. What a great deal, please see the electric bill in the attachments. Schedule your private showing today to make this house your home! <iframe width="853" height="480" src="https://my.matterport.com/show/?m=bdUy4jtje8W" frameborder="0" allowfullscreen allow="xr-spatial-tracking"></iframe>
You may be able to put down less than the total down payment amount of $140,023 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: #o6217088
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.