2057 RAFTON RD, Apopka, FL 32703
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 3,500 sq. ft. clubhouse, 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). Key dates: Roof 2010, Downstairs AC 2024, Upstairs AC 2015, and water heater 2010. This is the largest home in the community, so don't delay in making it yours today! If you sleep on it, you won't sleep in it! Schedule a private tour to explore all the wonderful features this home and community.
You may be able to put down less than the total down payment amount of $214,885 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: #o6218949