3237 Silver Lake Ct, Kissimmee, FL 34744
3 beds · 2 baths · 1,800 sqft
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. **MOVE IN READY & EASY TO SHOW!** Updated 3BD/2BA MOBILE HOME with *NO HOA* The awesome OPEN FLOOR PLAN allows for a great entertaining space with friends and family able to move about comfortably. Large windows at the entrance pour in tons of refreshing NATURAL LIGHT and the NEUTRAL PAINT keeps the room bright and airy. The LIVING & DINING ROOM COMBO is spacious and offers SLIDING DOORS that lead out to the Patio. The UPDATED KITCHEN features MODERN Soft Close CABINETS, GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, TILED BACKSPLASH and a large window above the sink that provides backyard views! The generously sized PRIMARY BEDROOM includes large windows, VAULTED CEILINGS and an UPDATED EN-SUITE that has GRANITE COUNTERTOP VANITY, decorative Mirror & Light Fixture, a TILE SURROUND TUB and separate SHOWER STALL. Additionally this beauty provides TWO sizable bedrooms, a second FULL BATHROOM. Step out onto the outdoor living space where you will find a HUGE COVERED PATIO that is ideal for year round barbecue gatherings with friends and family! The BACKYARD is FULLY FENCED and the possibilities are endless! With easy access to 530, 417 & Narcoossee Rd and close to Orlando VA Medical Center, Nemours Hospital, Austin-Tindall Sports Complex, Lake Nona, Orlando Int'l Airport, tons of local shops, restaurants and more! This gem is hidden away in a great community located close to all that Central Florida's has to give! Don't hesitate because this beauty won't be available for long!
Source: STELLAR #S5122890
Source: STELLAR #S5122890
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.