305 Toldedo Rd, Davenport, FL 33837
2 beds · 2 baths · 1,468 sqft sqft
Beautiful Steel Creek home located in Del Webb, a desirable 55+ community. Built in 2016 and still looks like new. The master bedroom is spacious with a walk in closet and a master bathroom with dual sinks and a granite counter top. The guest bedroom is up front adjacent to the guest bathroom also outfitted with granite counter as well as a tiled shower. The kitchen is outfitted with a gas stove and oven, large island for counter space, and plenty of cabinets for storage. There is a small dinette on one side of the kitchen for informal dining and a dining area large enough for a more formal setting. There is added space with the enclosed Florida room. Outside the lanai is screened in for comfortable enjoyment. Plenty of space and hedges provide privacy. Notice the immaculate landscaping all around the home. And this home is being sold furnished. Just right for a snowbird or someone just wanting to move in and sit down. Check out the clubhouse. One of the finest anywhere in central Florida. Comes with a fitness room, walking track, indoor and outdoor poos and spa, fire pit, library full of books and movies for free use, ballrooms, craft rooms, and a tavern for some food, drink, and entertainment. The outside facilities include tennis, pickleball, bocce ball, basketball, shuffleboard, a playground for those small visitors, and a large park for the four legged residents. Also plenting of space for walking and biking. And don't forget the golf course as well. Outside plenty of shopping, Advent Hospital, and close by the Disney parks.
Source: STELLAR #s5115910
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5115910
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: #s5115910
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