2614 Grapevine Crst, Ocoee, FL 34761
5 beds · 4 baths · 3,434 sqft sqft
This beautifully maintained property is located in the highly desirable Orchard Park community in Ocoee. The exterior features fresh paint, roof is fairly new, and AC is still under warranty. This spacious home includes 5 bedrooms, 4 bathrooms, and a 2-car garage with street-facing windows and a curved driveway that accommodates approximately 6-8 vehicles. First Floor: Enter through double doors into a grand foyer, leading to versatile living spaces. To the left, a room with French doors serves as a library, formal living room, or optional bedroom. The expansive family room is centrally located and flows into a formal dining area, which is positioned to the right of the entrance. Adjacent to the family room is a generously sized kitchen featuring a large island, breakfast bar, and a casual dining nook. A full bathroom with lanai access is conveniently located off the kitchen. The main floor also boasts a large master suite with a spacious master bath, providing a comfortable retreat. Second Floor: Dual staircases provide access to the second floor, with one entrance near the foyer and another near the laundry room. At the top of the stairs, you’ll find a versatile game room and a study area situated between bedrooms 2 and 3. Bedrooms 3 and 4 are connected by a Jack-and-Jill bathroom, while bedroom 5 enjoys its own private full bathroom. Prime Location: This property offers easy access to major roads and highways, including SR-50, SR-408, SR-429, SR-414, SR-451, I-4, and the Florida Turnpike. It is conveniently located just 25 minutes from Disney World and 10 minutes from Winter Garden Village, putting shopping, dining, and entertainment within reach.
Source: STELLAR #o6255371
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6255371
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #o6255371
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