3294 STRATTON CIR, Kissimmee, FL 34744
Presenting a beautiful, single-story home in the heart of Central Florida, this modern residence, built in 2020, offers contemporary design and low-maintenance living without the wait of new construction. Boasting 3 bedrooms, 2 full bathrooms, and a spacious BONUS ROOM with elegant French doors, this move-in ready home is perfect for those seeking both style, space and convenience. The open-concept floor plan features a generously sized family room and kitchen with an eat-in bar, creating an ideal space for entertaining. Natural light fills the home, enhancing the bright and inviting ambiance. The family room's sliding doors open to a covered and screened porch with serene water and fountain views, seamlessly blending indoor and outdoor living. The fully fenced backyard ensures privacy with no direct rear neighbors and provides ample space for a future pool, playground, or custom outdoor retreat. The owner’s suite offers a functional en-suite bathroom with dual vanities, a walk-in closet, and a tiled shower with a glass enclosure. Conveniently located just minutes from Orlando International Airport and Lake Nona, this home is close to top-rated schools, major highways, shopping, and dining. Situated in the peaceful community of South Pointe, residents enjoy tranquility while maintaining easy access to the best of Central Florida, including Lake Nona’s Medical City, Disney World, Universal Studios & Future Epic Universe, and Downtown Orlando. With Florida’s East Coast beaches less than an hour away, this home combines prime location with modern living for the perfect Florida lifestyle.
You may be able to put down less than the total down payment amount of $246,827 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6239031
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.