2509 Chapala Dr, Kissimmee, FL 34746
4 beds · 3 baths · 3,079 sqft
HOME CAN BE POSSIBLY ASSUMED BY A VETERAN and Solar Panels paid off. Welcome to the Brighton Lakes gated community, where you will find a stunning 4-bedroom, 3-bathroom pool home featuring a spacious split floor plan, encompassing 3,079 square feet of heated living space and a 3-car garage. This property also includes an additional office with a bay window. Situated in the first phase of the community, the home boasts impressive curb appeal with a paver pathway leading to a tiled foyer. Upon entering, you'll find the office on the left and a formal dining area on the right. The expansive master suite features a luxurious and large jetted tub, perfect for unwinding after a long day, and offers ample space for a chaise lounge. The kitchen is designed for convenience, with abundant counter space and cabinetry, and all rooms are proportioned according to the home's total square footage, complete with ceiling fans for comfort. Notable upgrades include 2022 solar panels & fence installation, a tankless water heater, crown molding, a trey ceiling in the master suite, granite countertops in both the kitchen and laundry area, 2023 replaced interior and exterior electrical with 200 amp panels. The large patio is ideal for enjoying the pool on hot summer days. The pool pump has been replaced, and the pool is currently acid washed and water shocked maintenance. Fourth bedroom has an joining full bathtub with upgraded therapy tub. Access to a pull-down attic with heavy-duty stairs and adds extra storage options. Both air conditioning units have been meticulously maintained, showing no signs of water stains or mildew. Community amenities include a fitness center, pool, playground, dog park, basketball and tennis courts. Conveniently located just thirty minutes from Disney theme parks, hospitals, shopping, and the vibrant downtown Kissimmee area, this home is also within thirty to forty minutes of Orlando International Airport. This exceptional property is a must-see, and you won't be disappointed. Please note that buyers are responsible for the capital contribution and transfer fee, and measurements should be verified by the buyer.
Source: STELLAR #O6289121
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6289121
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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.
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 “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.
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 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 of Equal Opportunity Act.