3209 Fairfield Dr, Kissimmee, FL 34743
4 beds · 3 baths · 2,294 sqft
STOP! FANTASTIC 2.87% interest rate with this assumable FHA mortgage for qualified buyer! Dive into the ultimate Florida lifestyle with this stunning 4-bedroom, 2.5-bathroom home featuring an incredible pool, expansive patio and breathtaking water views! This spacious two-story home combines modern design with serene outdoor living, creating an unparalleled retreat. Inside, the open floor plan is bathed in beautiful natural light, showcasing tile floors downstairs and warm laminate wood floors upstairs. The remodeled kitchen is a chef's dream with tan granite counters, a matching granite backsplash, stainless steel appliances, a breakfast bar, and crisp white cabinetry. The cozy breakfast nook, surrounded by windows, offers captivating views of the pool and pond. Adjacent, the dining room also boasts pool and water views, with sliding doors leading directly to the patio. The living room, located near the foyer, and a spacious family room with additional sliders complete the inviting downstairs living spaces. Upstairs, you'll find the massive primary suite, boasting an 18-foot bedroom and a spa-like ensuite bathroom. Relax in the soaking tub, rejuvenate in the oversized shower with rain and multi-head shower fixtures, and enjoy the double vanities and a huge walk-in closet. The additional bedrooms are equally delightful, offering comfortable spaces for guests or versatile use. Step outside and fall in love with your personal oasis! The screened patio features two covered areas for shade, a beautifully designed pool with a sun shelf, colorful lights, fountains, and an expansive deck for soaking up the Florida sun. Decorative string lights enhance the vacation-like atmosphere, while privacy screens on either side ensure seclusion. The east-facing pool is perfect for morning dips and evening relaxation. Beyond your doorstep, the community offers a park, playground, and ultra-low HOA fees of just $100 per year. The location is unbeatable: minutes from Lake Nona, Medical City, shopping, dining, schools, Orlando International Airport, and major bus lines. Practical updates include a new roof (2023), a new AC system (2022), freshly painted exterior (2023), gutters, a water softener, and a tankless water heater. With zoning for short-term rentals, this property has the potential to become a lucrative Airbnb investment. As an added bonus, this home features an assumable FHA mortgage with an incredible 2.87% fixed APR for qualified buyers—an unbeatable opportunity in today’s market. ($229,758.11 is the assumable balance at $2.87%. If needed to make up the difference between the purchase price and the assumable mortgage, buyer can apply for a second loan with Lakeview Servicing or another lender of the buyer's choosing). Schedule your showing today and make this exceptional home your very own!
Source: STELLAR #s5116387
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5116387
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: #s5116387
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.