302 Annabelle Way, Davenport, FL 33837
4 beds · 3 baths · 2,014 sqft
***PRICE REDUCTION*** Welcome home to this beautiful and spacious end unit townhome in the gated community of Williams Preserve. No rare neighbors. Ideal for first-time home buyers or investors, this home is approved for long-term, short-term, or Airbnb rentals. With 2,014 Sq.Ft. of living space, 4 bedrooms, and 3 full bathrooms, this home offers plenty of room to relax and entertain. Upon entering, you're greeted by an inviting foyer with high ceiling and abundant natural light. The open floor plan seamlessly connects the kitchen, living, and dinning areas, while sliding doors in the living room open to the covered screened-in lanai, perfect for hosting family and friends. One of the bedrooms is conveniently located on the first floor, next to a full bathroom, making it ideal for guests or a home office. The kitchen boasts granite countertops, recessed lighting, stainless steel appliances, 42-inch height cabinets, a closet pantry, and a large island with ample counter and seating space. Additional storage space is available under the stairs. Tile flooring extends throughout the main living areas on the first floor. Upstairs you'll find 3 additional bedrooms, 2 full bathrooms, and a closet laundry, offering convenience and privacy. The primary bedroom boasts a walk-in closet and an en-suite bath with a tiled walk-in shower and temperature-controlled showerhead system. NO CDD!! TheHOA covers gate access, playground, pool maintenance, exterior grounds, and lawn pest control. Williams Preserve is conveniently located near Hwy 27, US 192, I-4, shopping, hospitals, amusement parks, Orlando International Airport, great dining options and more. Don't miss out on this fantastic opportunity...Schedule your appointment TODAY!
Source: STELLAR #s5097426
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5097426
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: #s5097426
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.