321 Cape Sable Dr, Orlando, FL 32825
5 beds · 3 baths · 2,492 sqft
Charming, Well-Maintained Home with Serene Backyard Oasis Nestled in a quiet cul-de-sac within a gated community, this home has been lovingly cared for by its original owners and offers a perfect blend of comfort, style, and functionality. Upon entering, you're greeted by a spacious living room/dining room combination, beautifully adorned with stylish luxury vinyl flooring. The open floor plan flows seamlessly into the family room, breakfast area, and kitchen, creating a welcoming atmosphere for both everyday living and entertaining. The kitchen is a true highlight, featuring quality wood cabinets, sleek granite countertops, and modern appliances, including a newer stove, microwave, and dishwasher — ensuring both convenience and elegance. On the first floor, you'll find the added convenience of a full bedroom and bathroom, making it ideal for guests or multi-generational living. Upstairs, the layout continues to impress with a thoughtfully designed laundry room, a media room, and a spacious primary bedroom with an en-suite bathroom for added privacy. Three additional well-sized bedrooms and a hall bathroom provide ample space for family or visitors. Step outside into your own private sanctuary. The expansive backyard is designed for relaxation and entertainment, complete with a sparkling pool and spa. A charming area with a fire pit and pavers, located just outside the pool, adds to the appeal of this outdoor retreat. The entire space overlooks a serene lake and conservation area, offering both privacy and picturesque views. Nature lovers will enjoy frequent sightings of local wildlife, including birds, deer, and fish in the lake. The property is situated in a peaceful, secure location, yet conveniently close to shopping, restaurants, and schools, offering the perfect balance of tranquility and accessibility. Roof 2018, HVAC 2019. The windows are tinted for privacy and to keep the heat out. This home is an exceptional choice for anyone seeking a harmonious living space with a fantastic outdoor area that truly enhances the overall lifestyle.
Source: STELLAR #O6289384
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6289384
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.