2766 White Isle Ln, Orlando, FL 32825
3 beds · 3 baths · 1,717 sqft
Welcome to Econ Landing!!! A beautiful upscale townhome community in East Orlando tucked away for added privacy is only 15 minutes from the Orlando International Airport, 35 minutes from Disney and 60 minutes from the Beaches. If you have been looking for your dream townhome this beautiful spacious 3 bedrooms 2.5 bath home is waiting for you. The open floor plan with beautiful tile flooring throughout the first-floor features the highly desired chef's inspired dream kitchen with white 42" cabinets, granite countertops, backsplash, stainless-steel appliances and huge island for serving, family entertainment, and conversations with others in the large family room and dining room while enjoying the elegant character of the home. There is a spacious covered screened patio perfect for the outdoor relaxation! The second-floor features loft/office space, the master suite complete with his/her closet with one being a walk-in closet and a luxurious en-suite bathroom, two bedrooms and the conveniently located laundry closet. This community is a well planned townhome community which includes recreational facilities including a pool and playground, that offer leisure and social opportunities for residents and their families. The HOA is responsible for maintaining the well manicured landscaping and exterior maintenance, giving residents more time to enjoy their family and friends. There are pet-friendly policies, careful parking regulations, and a family oriented environment making it a great place to live. Don’t miss this opportunity and schedule the showing today!
Source: STELLAR #O6266928
Financials
Source: Public records
Source: STELLAR #O6266928
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.