217 E Hillcrest St, Altamonte Springs, FL 32701
3 beds · 2 baths · 1,818 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. Welcome to 217 E Hillcrest Street where charm meets convenience in the heart of Altamonte Springs. This thoughtfully updated 3-bedroom, 2-bathroom home sits on an oversized lot and offers nearly 1,900 square feet of single-story living. From the moment you arrive, you'll love the quiet location tucked at the end of a charming street, with curb appeal and comfort waiting inside. Step into a light-filled living space with an open layout, a cozy wood-burning fireplace, and a mix of stylish vinyl flooring and tile throughout, designed for both beauty and easy maintenance. The kitchen has been beautifully refreshed with granite countertops, solid wood cabinets, and stainless appliances. Both bathrooms have been tastefully updated, and the split floor plan provides privacy and flow. There’s room for everyone with multiple flexible spaces including a Florida room, a large laundry/utility area, and even a dedicated workshop off the garage. Out back, enjoy the screened-in porch and fully fenced yard with a storage shed, ideal for entertaining, pets, or future garden dreams. This home has no required HOA and a prime location near shopping, dining, and quick access to I-4, Altamonte Mall, and area parks. This one has heart, space, and location—schedule your private tour today and make it yours.
Source: STELLAR #O6299850
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6299850
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.