2173 Lake Side Ave, Davenport, FL 33837
4 beds · 3 baths · 2,027 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Gorgeous, Lakefront Pool Home – Stunning Views, Move-In Ready & Located in Desirable Providence! Welcome to your dream home in one of Davenport’s most sought-after guard-gated golf course communities! Where luxury meets lakefront living. This move-in ready 4-bedroom, 3-bathroom home is in excellent condition and offers everything you need to start living the Florida lifestyle right away. Nestled on a picturesque lakefront lot, you’ll enjoy stunning water views from your very own backyard oasis. Take a dip in the beautiful heated saltwater pool, or lounge in the screened-in paver patio, perfect for entertaining and unwinding in total privacy. Every sunrise and sunset feels like a postcard. With its classic Spanish tile roof, this home radiates charm and curb appeal, while the interior provides spacious living areas, natural light, and all the comforts of home. The Providence community offers a resort-style lifestyle and safety and security with two 24-hour guarded entry gates, a beautiful championship golf course, a well-equipped fitness center, pickleball courts and playground. Located just 20 minutes from Walt Disney World and close to all Orlando area attractions, and numerous shopping, dining and entertainment options, this home puts you right in the heart of it all — while still giving you the peace and serenity of lakefront living. Schedule a showing today, before this unique opportunity passes you by!
Source: STELLAR #O6302640
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6302640
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.