Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
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$399,990

3113 Aqua Virgo Loop # 53, Orlando, FL 32837

3 beds · 3 baths · 1,622 sqft

Introducing a beautifully modern townhouse nestled in the sought-after Hunters Creek community, one of Orlando’s premier neighborhoods! Built-in 2020, this nearly-new home spans over 1,500 square feet and features three spacious bedrooms, two and a half bathrooms, and a convenient two-car garage, combining comfort and functionality with a touch of elegance. The Hunters Creek area is known for its vibrant yet serene atmosphere, with beautifully maintained landscapes, top-rated schools, and a wide variety of shopping, dining, and recreational options just moments away. This property’s location is a true gem—not only offering tranquility and quick access to all the essentials but also placing you within a short drive of Orlando’s world-famous theme parks. Both Disney and Universal Studios are just minutes away, making this home ideal for families, professionals, and anyone looking to enjoy the best of Orlando living with the excitement of theme parks at their doorstep. Inside, the open-concept layout is enhanced by natural light, sleek finishes, and contemporary design elements. The kitchen stands as the heart of the home, featuring modern cabinetry, a stylish backsplash, stainless steel appliances, and an inviting island perfect for casual dining or entertaining. The laundry room is fully equipped with high-quality appliances, adding convenience to daily life. The bathrooms are equally well-appointed, with clean lines and quality fixtures that add a sense of luxury to everyday routines. A standout feature of this home is its custom storage solutions. The bedrooms boast custom-designed closets, providing ample organized space, while the garage is equipped with built-in cabinetry for additional storage—ideal for maximizing functionality and keeping everything tidy. This townhouse is not just about the interior; it’s about the complete lifestyle that comes with it. Hunters Creek boasts abundant parks, walking trails, and recreational facilities, creating a community-oriented feel with plenty of opportunities for outdoor enjoyment. With limited inventory in this high-demand area, this property represents a rare opportunity to own a nearly new home in one of Orlando's best neighborhoods. Please note that some of the photos have been virtually staged to help you envision the possibilities of this beautiful space. Don’t miss your chance to be part of this vibrant community—schedule a viewing today and see firsthand the unique blend of comfort, style, and convenience this home has to offer!

Estimated
Seller's interest rate
2.9%
7%
Estimated
Principal & interest
$940/mo.
$1,431
You may also save up to $151,459 in total interest paid.
Listing price
$399,990

Your cash down payment
$195,332
Seller’s estimated current equity is $195,332
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $940 monthly payment

Financed
$204,657
Assumed mortgage 2.9% • Seller's rate
$204,657
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,622 sqft
Lot size
0.03 acres
Year built
2020
Type
Condominium

Source: STELLAR #o6253973

Loan
Remaining term
25 years, 9 months
Rate
2.9%
Monthly P&I
$940
Remaining loan balance
$204,657

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 30, 2024 09:39 am
Listing agent: Margie Caldera (305) 833-8623
Listing provided courtesy of: EXP REALTY LLC (407) 392-1800
Details provided by STELLAR and may not match the public record.
MLS ID: #o6253973
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$940/mo
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