2174 CAMDEN LOOP, Davenport, FL 33837
Welcome to your new Next-Generation home! Nestled in the highly sought-after neighborhood of Camden Park at Providence, this property exudes warmth and charm. Providence is a beautiful, award-winning gated Golf and Country Club community with LOW HOA fees and NO CDD. With over 2100 square feet of living space under air, you’ll find comfort and convenience at every turn. Step through the front porch main door into the inviting foyer, where upgraded features await. This open floor plan has to the right, an expansive kitchen boasts additional cabinet space, with added trash drawer, 42" cabinets with 36-inch-wide drawers, and elegant quartz countertops. The adjacent dining area leads to a spacious family room, perfect for gatherings. A sliding door opens to the lanai and fenced backyard with privacy hedges, seamlessly connecting indoor and outdoor living, with potential space for a pool. The master suite is a true retreat, complete with an ensuite bathroom featuring upgraded counters. A walk-in closet with an additional second closet provides ample storage, making organization a breeze. Across the family room, two guest bedrooms has comfortable living spaces and share a well-appointed guest bathroom. But that’s not all! This property includes a versatile office/den or man cave, allowing you to customize the space to your needs. And for extended family or guests, the private entrance to the mother-in-law suite awaits. Step inside to discover a generous 13x13 living room, a full kitchen with a stove/range, refrigerator, microwave, and a washer/dryer combo. The cozy bedroom has ample storage and an ensuite bathroom. Upgrades abound throughout the home, from widened pavers in the driveway with room for four cars to soundproof insulation between the main house and in-law suite. An electric car outlet in the garage, an upgraded corner lot, and a stylish front door add to the appeal. Indeed, a plethora of upgrades! Don’t miss out—schedule your viewing today. This could be the dream home you’ve been searching for in prime Davenport!
You may be able to put down less than the total down payment amount of $189,057 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: #fc302272