1 of 46

3220 Emilio Pl

Kissimmee, FL 34758

4 beds · 2 baths · 1,967 sqft

$395,000

$1,660/mo with 2.73% Express Financing

$2,167/mo with 7% bank financing

Get prequalified

About this home

$5,000 Buyer Incentive for Closing Costs!! NO CDD / HOA $99.00 This property has an assumable loan with an incredible interest rate, offering an opportunity to save thousands on interest with an affordable payment. Welcome home to Overlook Reserve. With an excellent location, this beautiful single-story home with 4 bedrooms and 2 bathrooms, situated in this sought-after community, is waiting for you. This immaculate home features a spacious open concept, a large master bedroom with walk-in closets, ceiling fans in all rooms, a laundry room with washer and dryer included, a screened-in back porch, and a two-car garage. Additionally, it is surrounded by lush landscaping and has an updated irrigation system. The Overlook Reserve PH 1 community offers the following amenities: clubhouse, fitness center, swimming pool, playground, basketball court and tennis court, these amenities provide an ideal environment for family enjoyment and maintaining an active lifestyle. These fabulous amenities are included with your low HOA fees. Location... Location!! This home is conveniently located near major highways, shopping centers, grocery stores, restaurants, and just 30 minutes from theme parks. Come enjoy beautiful sunsets and water views in your backyard oasis.

Source: STELLAR #s5112312

1,967 sqft
0.13 acres
Single Family
Built in 2019

Neighborhood
Use two fingers to move the map

FAQs

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.

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.

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.

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.

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.

When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.

View all FAQs
Last updated: Apr 14, 2025 07:59 pm
Listing provided courtesy of: MY REALTY GROUP, LLC. (786) 847-7421
Details provided by STELLAR and may not match the public record.
MLS ID: #s5112312
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 © 2025 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.