2014 Applegate Dr, Ocoee, FL 34761
5 beds · 3 baths · 2,619 sqft
This beautiful two-story home with a 3-car garage offers all the room you need for your growing family and more. From the moment you walk in, the tall ceilings and open foyer create a bright, airy feel that instantly feels like home. The formal living and dining rooms provide the perfect setting for gatherings. The heart of the home—a spacious kitchen—boasts ample cabinetry, quartz countertops, a prep island, and a generous pantry for all your cooking essentials. The cozy breakfast nook overlooks the screened-in pool, offering the perfect spot to sip your morning coffee. Just off the kitchen, the family room gives everyone a place to unwind. Downstairs also includes a guest bedroom and full bath, plus a laundry room that makes daily chores a breeze. Upstairs, you’ll find three spacious bedrooms and primary suite. Enjoy your own screened balcony within the primary bedroom, also featuring a relaxing soaking tub, dual-sink vanity, walk-in shower, and walk-in closet. Step outside—no rear neighbors, just mature trees and nature’s calm surrounding your backyard oasis. The neighborhood offers family-friendly perks like a park and basketball court, and you're just minutes from Publix, local shopping centers, Forest Lake Golf Club, and convenient access to 429 & 408. If you're looking for space, charm, and a home where your family can grow and make memories—this is the one. Schedule your showing today.
Source: STELLAR #O6292488
Financials
Source: Public records
Source: STELLAR #O6292488
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.