1 of 23
$425,000

2500 Dovetail Dr, Ocoee, FL 34761

3 beds · 2 baths · 1,771 sqft

Charming 3-Bedroom, 2-Bath Bungalow with Modern Updates and Enclosed Florida Room Welcome to your new home! This beautifully updated bungalow combines classic charm with modern convenience, offering a perfect blend of comfort and style. Situated in a welcoming neighborhood, this 3-bedroom, 2-bathroom gem is ideal for families, professionals, and anyone looking to enjoy the tranquility of suburban living. Property Features: Inviting Curb Appeal: As you approach the home, you'll immediately notice its well-maintained exterior, featuring a fresh, new roof and gleaming new gutters that promise durability and peace of mind for years to come. The manicured lawn and lush landscaping create a warm, welcoming atmosphere. Spacious Living Areas: Step inside to discover a bright and airy open-concept living space that exudes warmth and comfort. The living room boasts large windows that flood the area with natural light, highlighting the tasteful neutral decor and elegant hardwood floors that flow throughout the home. The heart of the home is the cozy kitchen, equipped with a brand new refrigerator and microwave. The master bedroom is a serene retreat, complete with ample closet space and a well-appointed en-suite bathroom. The two additional bedrooms are generously sized, offering versatility for family members, guests, or even a home office. Each room is thoughtfully designed with comfort in mind. Both bathrooms have been tastefully updated with modern fixtures and finishes. The master bath features a stylish vanity, a spacious shower, and plenty of storage, while the second bath is conveniently located near the additional bedrooms. Enclosed Florida Room: One of the standout features of this home is the charming enclosed Florida room. This versatile space is perfect for enjoying your morning coffee, relaxing with a good book, or entertaining guests year-round. Its large screened in area provide panoramic views of the backyard, blending the indoors with the beauty of the outdoors. Outdoor Oasis: The backyard is a private retreat, ideal for outdoor living and entertaining. Whether you envision a garden, a play area, or a serene space for relaxation, this backyard offers endless possibilities. The new gutters ensure that rainwater is efficiently directed away from the home, keeping the outdoor space well-maintained. Additionally, this bungalow is equipped with modern amenities, including central heating and cooling, updated electrical and plumbing systems, and a convenient laundry area. The attached garage provides ample storage and easy access to your vehicle. This delightful bungalow is not just a house; it’s a home where you can create lasting memories. Don’t miss the opportunity to make it yours. Schedule a showing today and experience firsthand the perfect blend of comfort, style, and modern updates that this property entails.

Interest rate 3
4.99%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$2,171
With Roam
$2,665
Reduce your monthly payments by $494 when you assume this mortgage.
You also save $164,528 in total interest paid.

$33,873
Edit

You may be able to put down less than the total down payment amount of $33,873 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,771 sqft
Lot size
0.26 acres
Year built
1991
Type
Single Family Residence

Source: STELLAR #o6238483

Loan
Remaining term
27 years, 9 months
Rate
4.99%
Monthly P&I
$2,171
Remaining loan balance
$391,126

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 23, 2024 10:47 am
Listing agent: Kerstin Crow (615) 428-7046
Listing provided courtesy of: LOKATION (954) 545-5583
Details provided by STELLAR and may not match the public record.
MLS ID: #o6238483
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,171/mo
View details