2309 Depauw Ave, Orlando, FL 32804
4 beds · 4 baths · 3,372 sqft
Welcome to College Park! Discover luxurious living in this magnificent Mediterranean masterpiece. Newly constructed and move-in ready, this 3,400-square-foot residence features four bedrooms, four baths, an office, and an oversized bonus room. The open floor plan grants an airy, spacious feel, accentuated by meticulous details such as pocket French doors to the office, a custom staircase with iron railings, and a breathtaking array of windows. The great room boasts a soaring ceiling with warm wooden tones complementing the rustic engineered wood floors. Perfect for culinary enthusiasts, the kitchen and butler's pantry provide endless opportunities for entertaining, with GE Café appliances, quartz countertops, and ample cabinet space. An additional pantry ensures convenient storage. The main-floor primary suite is a true haven, featuring a large custom walk-in closet and a serene, spa-inspired bath with a sizable shower and a soaking tub. A separate guest suite and the office are also located on the main level, providing flexibility and convenience. Upstairs, two en-suite bedrooms and an oversized bonus room provide plenty of space for guests and family. The upstairs bonus room opens up to a large covered balcony providing even more space to enjoy, entertain, or relax watching the beautiful Orlando sunsets. Step outside to an expansive rear patio, where a pergola-shaded lanai overlooks a sparkling pool. The artificial turf stretches across the entire backyard, courtyard, side yard, and part of the front yard, adding effortless beauty. A cozy courtyard adjacent to the living area provides the perfect spot for a fire pit or alfresco dining. Ideally situated in the center of College Park, this meticulously crafted home is available immediately!
Source: STELLAR #O6277330
Financials
Source: STELLAR #O6277330
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.