311 Alencon Way, Kissimmee, FL 34759
3 beds · 2 baths · 1,003 sqft
Expect to be impressed with this immaculate and move-in ready 3BR home in the well-established Poinciana Villages community. Layout boasts a galley style kitchen just off front entry, a great room across the back and a split bedroom plan. Home reflects updates in the baths and trendy neutral wall color throughout. All kitchen appliances are included, and the range, microwave and dishwasher are less than a year old. The generous sized great room makes a gathering space that's perfect for your living and dining needs. Here there is also access to the patio and backyard – great for when your plans include outdoor activities. The primary suite is on one side of the home - ideal for privacy - overlooking the backyard. Here you’ll enjoy a contemporary ensuite bath w/shower. Secondary bedrooms/bath are on the opposite side of the home tucked off the hallway. Other item of note: the washer/dryer are included, and they’re less than 2 years old. Out back, you’ll appreciate having a large yard that’s fully fenced as well as a utility shed for extra storage. Excellent location – situated at the end of a quiet cul-de-sac, this property is about 3 miles to major shopping centers and the area’s hospital. It’s also only 5 miles to the Poinciana Pkwy which can quickly whisk you to anywhere you need to be in Central Florida. And there are numerous amenity spots in the community for your enjoyment (including pools, ball field/courts, play areas and a fitness center). Home shows well, both inside and out. Come see all that makes it so special!
Source: STELLAR #o6247972
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247972
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: #o6247972
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.