2922 Summer Green Trl, Kissimmee, FL 34744
4 beds · 3 baths · 2,414 sqft
Under contract-accepting backup offers. Welcome to this exquisite two-story residence located in the Marbella community, featuring four bedrooms and three bathrooms. The property showcases inviting curb appeal, highlighted by a paver driveway and a covered entryway. With over 2,400 square feet of living space, the open floor plan offers ample room for relaxation and entertainment. The kitchen is a culinary enthusiast's dream, equipped with stainless steel appliances, a built-in oven, flat cooktop, stunning granite countertops, walk-in pantry, and a breakfast bar. The dining area is ideal for hosting the dinner parties you have always envisioned. The spacious living room provides direct access to the covered back patio, enhancing your indoor-outdoor living experience. The first floor includes a bedroom that can serve as a guest room or home office. Ascending to the second floor, you will come upon the large loft area giving you the space you have been searching for. Retreat to the primary bedroom with a large walk-in closet and an ensuite bathroom complete with dual sinks and shower. There are two additional generously sized bedrooms rounding out the second floor. An interior laundry room with washer / dryer hook up along with a utility sink. The Marbella community boasts a community pool to splash up some fun and is a convenient location, offering easy access to a wide array of shopping, dining, and entertainment options. It is also in close proximity to East Lake Tohopekaliga, Lake Nona, Medical City, and the 417 highway. Don’t miss the opportunity to own this exceptional home!
Source: STELLAR #O6282217
Source: STELLAR #O6282217
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.