3041 Peel Ave, Orlando, FL 32806
2 beds · 2 baths · 1,628 sqft sqft
Welcome to your charming 2-bedroom, 2-bathroom home nestled on a desirable corner lot in beautiful Conway, Central Florida. This inviting residence is perfectly situated just 15 minutes from Orlando International Airport (MCO), making travel a breeze. Major highways are a quick 10-minute drive away, providing easy access to the greater Orlando area and beyond. Plus, the world-renowned theme park attractions are only 35 minutes from your doorstep! Step inside to discover a bright and airy layout, featuring an open-concept living and dining area ideal for entertaining. The well-appointed kitchen boasts modern appliances and ample counter space, making meal prep a joy. Both bedrooms are generously sized, with the master suite offering a private bathroom for added convenience. Outside, the fenced-in expansive yard provides plenty of room for outdoor activities or gardening, while the corner lot enhances your privacy and curb appeal. Enjoy the Florida sunshine on your patio, perfect for morning coffee or evening relaxation under the natural shade of Oak Trees. With its prime location and delightful features, this home is an incredible opportunity for first-time buyers, small families, or anyone seeking a tranquil retreat in the heart of Central Florida. Don’t miss your chance to make this charming property your own!
Source: STELLAR #o6249717
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6249717
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.
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: #o6249717