206 W Kelly Park Rd, Apopka, FL 32712
4 beds · 4 baths · 3,480 sqft sqft
Due to no fault of the sellers this beautiful home is back on the market and looking for the perfect buyer. Due to the buyer's personal issues, this tranquil pool home is back on the market and ready for its forever buyer. This custom-built pool home on a spacious 1.28 acre and is move in ready. Additional features include: new roof, new hot water tank, new floors throughout, and a whole home water filtration system. The home is an open floor plan, with a large kitchen having custom solid wood cabinets with programmable under cabinet LED lighting, center island, and large walk-in pantry. This home also features an over-sized bonus room and extra-large office/flex space. Owners suite bathroom has separate vanities and an over-sized soaker tub. The custom pool with jacuzzi is surrounded with a rock wall and several waterfalls and other features. Patio is pre-plumbed for outdoor kitchen and gas grill. Over 1 ¼ acres fenced and gated. The back of the property is developed with additional septic tank, water well, and power for RV and/or shed hookups. This property is centrally located with short drives of 5 mins. to 429/Wekiva Parkway, 30 mins. to downtown Orlando/Attractions, and 20 mins to Seminole Towne Center Shopping district. Additional features include: fresh paint, ADT security system, 9 zone irrigation system using well water, and 2 unit/3 zone Central AC/heating system. All furniture and decor is negotiable.
Source: STELLAR #v4938204
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4938204
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: #v4938204
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