2820 CAMDEN WAY, Davenport, FL 33837
ASSUMABLE VA MORTGAGE is available - Welcome to 2820 Camden Way, a truly exquisite residence in the heart of Davenport, FL. This elegant home boasts 4 bedrooms, 3 bathrooms, and a generous 2006 square feet of living space, nestled on a spacious 8699 square foot lot. Upon entering, you'll be captivated by the home's split floor plan, offering privacy and tranquility for all. The absence of front or rear neighbors ensures a serene ambiance that is truly unparalleled. The living areas are adorned with alluring tile flooring, seamlessly blending style and functionality.The allure of this home extends to the outdoor space, where a covered lanai beckons you to unwind and savor the Florida sunshine. The primary suite is a haven of luxury, featuring double closets and a spa-like bathroom complete with a separate tub and shower.Beyond its stunning features, this residence embodies a lifestyle of sophistication and comfort. Located in a coveted neighborhood, this home offers an unparalleled opportunity to experience the epitome of Florida living. Don't miss the chance to make 2820 Camden Way your own and indulge in a lifestyle that is truly beyond compare.Don’t forget this home is in the award community of Providence. This community is amenity rich with pools, bar/restaurant, dog park, tennis courts, gym, golf course and so much more!
You may be able to put down less than the total down payment amount of $3,070 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #s5108295
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.