2057 Rafton Rd, Apopka, FL 32703
4 beds · 4 baths · 2,752 sqft
ASSUME THE SELLER'S RATE! Welcome to 2057 Rafton Road in Emerson Park! This luxurious home features double master suites, all bedrooms upstairs, a versatile bonus room, and a formal living (or dining) room. The bonus room adjacent to the formal living space is perfect for a home office, guest room, library, or craft room, complete with French doors for privacy. The gourmet kitchen boasts solid wood cabinets, granite countertops, a custom backsplash, a pantry, and stainless steel appliances, along with a breakfast bar and eat-in space. Enjoy the oversized spa-like primary bathroom with dual closets, dual sinks, a standing shower, a garden tub, and a water closet. The room sizes are generous, providing ample space for all your needs. The second and third bedrooms are adjoined with a Jack & Jill bathroom while bedroom 4 has a full bathroom of it's own. Emerson Park offers a pristine, 3,500 sq. ft. clubhouse with resident event space, a junior Olympic pool, a playground, and a sun deck. Located next to SR 429, it provides easy access to Disney (30 minutes) and Florida beaches (1 hour). You'd never know you are so close to the highway with how quiet the community is. This is the largest home in the community, so don't delay in making it yours today! If you would like to assume the Seller's awesome interest rate, let's talk!
Source: STELLAR #o6218949
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6218949
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #o6218949
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.