2808 Arbor Trail Way, Orlando, FL 32829
3 beds · 2 baths · 1,802 sqft
Under contract-accepting backup offers. Indulge in the tranquility of a single-street neighborhood! This home has a desirable open floorplan that includes 3 bedrooms plus a versatile 140 sq ft bonus flex room, perfect for your home office, craft room, home gym, or could easily be converted in to a 4th bedroom. TOUR THE HOUSE WITH THE VIRTUAL TOUR LINK. As you step inside the home, you’ll notice wall-to-wall tile flooring running throughout the entire house (no carpet). A sleek kitchen equipped with newer appliances awaits the family cook, who will delight in the plentiful cabinetry and the expansive granite island bar overlooking the adjacent family room, perfect for entertaining. And there’s no shortage of storage with this home either—from extended height kitchen cabinets to multiple linen closets and pantries, a huge walk-in closet in the primary suite, and a large interior laundry room with utility sink—you’ll find ample storage spaces throughout the house. Just off the living room a large screened-in patio awaits under the roofline, giving you a quiet place for your morning coffee overlooking your fenced backyard. Other features include peace of mind being hurricane-ready with a pre-wire for a generator. There’s also garage shelving that can convey with the house. Plus, neighbors love the ideal location of Arbor Ridge! With easy access to 408, 417, and 528, you can be downtown in under 20 minutes, dropped off at the airport in under 15 minutes, or at any of the theme parks in under 30!
Source: STELLAR #o6242149
Source: STELLAR #o6242149
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: #o6242149
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.