205 Hamlet Rd, Davenport, FL 33837
5 beds · 3 baths · 2,696 sqft
This home qualifies for an assumable mortgage! Welcome to 205 Hamlet Rd, a home where your next chapter awaits in the heart of Davenport, FL. As you step inside, you’ll immediately sense the warmth and space this stunning 5-bedroom, 3-bath home offers. The open-concept living and kitchen area, flooded with natural light, creates the perfect setting for gatherings and daily moments alike. A charming family room on the first floor invites relaxation, while the nearby guest bedroom and full bath are ready to welcome friends and family. Venture upstairs to discover a spacious bonus area—perfect for a cozy second living room, a private office, or a serene reading nook. The master suite is a true retreat, complete with his and hers walk-in closets and a luxurious ensuite bathroom designed for comfort. The second floor also boasts three generously sized bedrooms, a full bath, and the convenience of an upstairs laundry room that makes daily chores a breeze. Step outside to your fenced-in backyard, a haven for pets or an ideal space for outdoor play and entertainment. With a double garage and ample driveway parking, convenience and ease are part of the package. This property also offers the added benefits of low HOA fees and no CDD (Community Development District) fees, making it an even more affordable and attractive option. Ask your agent how securing this home’s assumable mortgage could save you thousands of dollars each year—if you qualify. Located just minutes from Highway 27, I-4, and a quick drive to the magic of Disney, this home seamlessly blends space, style, and location. Schedule your showing today and start imagining the memories you'll make here!
Source: STELLAR #O6236293
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #O6236293
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.