2935 Aein Rd, Orlando, FL 32817
3 beds · 2 baths · 1,834 sqft
Imagine stepping into your dream home at 2935 Aein Rd, Orlando, FL. This beautifully updated 3-bedroom, 2-bathroom residence, nestled on over an acre of serene land, including the adjacent lot, offers a harmonious blend of modern amenities and natural beauty. Modern Upgrades for Comfortable Living Built in 1997, this home has been thoughtfully enhanced with contemporary features to ensure comfort and efficiency. A brand-new well (installed in September 2024) and a self-cleaning filter system (added in 2022) guarantee a seamless supply of fresh water. The new electric instant hot water heater (installed in October 2024) provides hot water on demand, enhancing daily convenience. Throughout the home, luxury vinyl plank flooring adds a touch of elegance and durability. Eco-Friendly Features with Financial Benefits Embracing sustainability, the property has solar panels installed less than a year ago. Remarkably, the power company compensated the owner $900 last year for energy contributed back to the grid. To sweeten the deal, the seller is willing to pay off the solar panels at closing, offering you immediate energy savings. A Gardener's Paradise: Your Personal Fruit Forest Step outside to discover a gardener's dream—a diverse "fruit forest" right in your backyard. This mini-orchard features a variety of fruit trees, including loquat, mango, Meyer lemon, variegated pink lemon, Barbados cherry, key lime, tangerine, Florida red peach, avocado, and three different types of bananas. Additionally, you'll find four papayas, blood orange, navel orange, red and yellow grapefruits, muscadine grapes, and a star fruit tree. Imagine the joy of harvesting your own fresh fruits throughout the year! Prime Location with Convenient Access Situated in a peaceful Orlando neighborhood, this home offers serene living while being conveniently close to local amenities. It's just a short drive to UCF, the 417 Expressway, and Waterford Lakes, providing easy access to education, transportation, shopping, and dining options. Don't miss this rare opportunity to own a unique, eco-friendly home with a beautiful fruit forest and numerous modern updates. Experience the perfect blend of tranquility and convenience at 2935 Aein Rd, Orlando, FL. Your dream home awaits!
Source: STELLAR #O6252731
Financials
Source: Public records
Source: STELLAR #O6252731
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.