2707 Prestwick Ln, Kissimmee, FL 34744
3 beds · 2 baths · 1,878 sqft
3/2 Pool home built in 2005 , This home boasts Tile flooring throughout ( no Carpet here :) ) open floor plan. T1878 Sq ft. The master bedroom is large and has a walk in closet. Master bathroom has a garden tub with separate shower and a separate room for toilet. . 2 good size bedrooms with a bathroom in between are on the other side of the home. Split plan bedrooms. Large, oversized lot. Located near new shopping centers and restaurants. The Remington Golf Community is guard gated at the main entrance. Remington is an excellent location.. The community offers luxury style amenities such as a community pool, tennis courts, fitness center, basketball courts, playground, and walking trails, with exercise stations. In proximity to US-192, Turnpike, Lake Nona's Medical Center, and the Orlando International Airport. Short Term rental allowed.*** Brand New AC Unit and 10,000 to assist with your closing costs*** MOTIVATED SELLER***
Source: STELLAR #o6259663
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6259663
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: #o6259663
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.