308 WHIRLAWAY DR, Davenport, FL 33837
This stunning 5 Bedroom 3 bath home is a rare find! Owners made all the right decisions on all the upgrades. Outside you will adore the maximum stone exterior finish, and an L shaped back porch creating a large covered patio! Inside you'll find 10 foot interior walls, ADA tile which is certified non-slip, the BEST underpadding for carpeted areas. You'll have an extended glass paned cabinetry that fills the dinette wall, and under cabinet lighting in the kitchen. Home theater wiring in the GIANT upstairs loft, a FULL downstairs guest bath with private entrance to a 5th bedroom, and a sink in the garage. Home also has a monitored video security system. You'll also love the laundry room upstairs with the four bedrooms! Owner's bedroom is SO HUGE and the tray ceiling accentuates it beautifully. It also has TWO walk in closets, a large private ensuite with two linen closets, a long sink area with double vanities and PLENTY of drawers and cabinets, a HUGE shower and a private watercloset. Champions Reserve is a gorgeous neighborhood which also provides a beautiful community pool which is a walk in! Minutes to the theme parks, restaurants, grocery stores, schools, and shopping!!
You may be able to put down less than the total down payment amount of $273,319 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #s5105252