VA loan
1 of 34
VA loan
$750,000

272 Hampton Loop, Davenport, FL 33837

3 beds · 3 baths · 2,000 sqft

Captivating custom-built pool home, completed in 2023, nestled behind the gates of the luxurious Providence Neighborhood. This impeccable property is more than a residence; it's a statement of lifestyle and sophistication. With over $100,000 in premium upgrades, this home is a masterpiece of modern living. Featuring state-of-the-art stainless-steel appliances, including a dishwasher, built-in oven/microwave combo, cooktop, and range hood, as well as 42-inch soft-close shaker cabinets with under-cabinet lighting. The sleek quartz countertops and contemporary tile flooring in the main living areas elevate the overall aesthetic. Highlights include a stainless steel sink with a pull-out faucet, updated flat drywall finish with square corner bead, wood-crafted window sills, contemporary crown molding, and grooved baseboards. Solid core 8' contemporary interior doors, 4 Lutron smart switches, and a smart home hub further enhance the smart-living experience. Energy efficiency is maximized with a climate-controlled heat pump air conditioner, reinforced concrete block walls, and R-30 ceiling insulation. The open floor plan, ideal for entertaining, boasts a large kitchen with a breakfast bar that seamlessly flows into the living room. A top-of-the-line electric fireplace serves as a focal point, while stunning views of the courtyard and pool create an inviting atmosphere. The split-floor design balances space and privacy. The spotless primary bedroom, located at the back of the house, offers gentle views of the courtyard through sliding glass doors and opens to a beautiful en-suite bathroom. His and hers vanities, frameless glass shower doors with chrome trim, contemporary chrome Grohe fixtures with rain and handheld features, and LED lighted mirrors add luxury to every moment. The second bathroom is strategically placed on the opposite side of the house, offering even more room for comfort. Near the front of the home, a detached in-law suite with an additional bedroom provides ample space, complete with another large bathroom showcasing stunning views of the pool and garden. The true heart of this home is the serene courtyard and spa-like pool with a jacuzzi feature. This addition elevates relaxation, allowing one to enjoy both the soothing warmth of a jacuzzi and the refreshing coolness of a pool in one space. With calming waterfalls and ample space to bask in the Florida sun, privacy is guaranteed in this tranquil oasis. Located within the prestigious 24-hour guard-gated Providence community, this property is part of a neighborhood that has been recognized for four consecutive years with the Grand Award for Community Development at the Orlando Parade of Homes. Amenities abound, including a championship golf course designed by Michael Dasher, an elaborate golf clubhouse with a pro shop, lounge, and restaurant seating for up to 200 guests. Residents can also enjoy a resort-style pool with slides, a second pool for exercise, lighted tennis courts, a state-of-the-art fitness and aquatic center, activity rooms for aerobics and other classes, and safe, wide sidewalks perfect for bicycling, jogging, and walking to the golf and recreation centers. Dog parks and countless outdoor activities make Providence the ultimate place to call home.

Interest rate 3
4%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$4,023
With Roam
$4,840
Reduce your monthly payments by $816 when you assume this mortgage.
You also save $137,980 in total interest paid.

$230,725
Edit

You may be able to put down less than the total down payment amount of $230,725 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.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,000 sqft
Lot size
0.14 acres
Year built
2023
Type
Single Family Residence

Source: STELLAR #o6247523

Loan
Remaining term
14 years, 1 month
Rate
4%
Monthly P&I
$4,023
Remaining loan balance
$519,274

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 24, 2024 10:00 am
Listing agent: Rafael Ferreira (407) 484-7612
Listing provided courtesy of: COMPASS FLORIDA, LLC (305) 851-2820
Details provided by STELLAR and may not match the public record.
MLS ID: #o6247523
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.
$4,023/mo
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