2909 Black Birch Dr, Ocoee, FL 34761
5 beds · 3 baths · 2,370 sqft
***Assumable mortgage at 2.8 percent! ****Welcome to this beautiful 5 bedroom, 2.5 bathroom two story home built in 2020! With 2370 sqft and tasteful upgrades throughout, this home has the most functional floorplan with a first floor Owner's suite, containing a large owner's bathroom, walk-in closet and upgraded luxury plank vinyl flooring! The first floor also has the kitchen, with a large island, dining area and living space. You'll immediately be drawn to the custom shudder blinds on the first floor and beautiful barn door leading to the backyard. In the backyard, you'll notice while you do have rear neighbors, they are not directly behind. Also on the first floor you'll find inside-laundry with custom cabinets for storage, leading out to the garage. Making your way to the second floor you'll find the luxury plank vinyl on the stairs and in the loft area. This loft area serves as a second living room space. This second floor has the remaining four bedrooms and full bathroom. The community of Arden Park has it all! With a sprawling community pool, two clubhouses, playground, fitness center, dog run area, and walking trails, this is a gated community! Arden Park is steps away from the Forest Lake Golf Course, and just 7 minutes away from Publix. Being near FL-429 you'll have easy access to everything Central Florida has to offer. Being within metro-Orlando, this home is just 25 minutes from downtown Orlando. 35 minutes to Disney, and under 40 minutes to MCO. This is a great opportunity to own a nearly new home in an amazing community! Contact me today for a private showing.
Source: STELLAR #o6262652
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6262652
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: #o6262652