2380 CAMDEN PARK AVE, Davenport, FL 33837
Motivated Seller!! Price Reduced Beatiful Corner Lot. This immaculate 4-bedroom, 3-bathroom home is a true gem. As you enter through the foyer, you'll immediately notice the thoughtfully designed layout. The kitchen, situated to your right, is a culinary enthusiast's dream. It boasts an abundance of cabinets, an inviting eat-in area, a convenient island with seating, an elegant backsplash, a pantry for storage, and exquisite crown molding. The master suite is a tranquil retreat with its own walk-in closet, providing ample space for your wardrobe. The master bathroom is equally impressive, featuring dual sinks, a separate shower, and a luxurious garden tub – perfect for unwinding after a long day. Step onto the screened-in patio, where you can relax comfortably while enjoying the outdoors. A cooling fan adds to your comfort, making it an ideal spot to unwind. The spacious backyard offers exciting possibilities, whether you envision a pool for those hot summer days or a flourishing garden. This home is nestled in a community that truly caters to your lifestyle. Enjoy a game of tennis, watch your little ones play at the playground, or make use of the clubhouse for gatherings. And when it's time to beat the heat, you have not one, but two swimming pools to choose from. Whether you're looking to swim laps or enjoy family time, these pools have you covered. With exciting features like slides and a walk-in area, everyone can have a great time. And for those who appreciate golf, the added bonus of a golf course within the community completes the picture. Don't miss out on this incredible opportunity. Contact us today to schedule your appointment and experience all that this home and community have to offer.
You may be able to put down less than the total down payment amount of $178,085 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: #s5090706
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.