308 Whirlaway Dr, Davenport, FL 33837
5 beds · 3 baths · 3,146 sqft
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!!
Source: STELLAR #s5105252
Source: STELLAR #s5105252
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: #s5105252
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.