3305 PRICE AVE, Orlando, FL 32806
One or more photo(s) has been virtually staged. ***NEW PRICE REDUCTION!!!*** Sellers were relocated. This was the place they had called home, with future plans to add a deck, dreams to start and raise their family...having utmost importance zoned for GREAT SCHOOLS - the highly rated LAKE COMO K-8 and BOONE HIGH Schools; SUPERB LOCATION - nestled in the highly sought after HOURGLASS DISTRICT, minutes from SODO DISTRICT, DOWNTOWN ORLANDO and not to mention, the FORT GATLIN REC COMPLEX having pool/water fun, playgrounds, tennis and much more!!! **NOTE: NO HOA!!!** Sellers began to address big ticket items with many plans in work before knowing they had to move... This UPDATED charming mid century-modern home offers a BRAND NEW ROOF 2024, NEW AC SYSTEM to include NEW DUCTING and INSULATION 2022. The inviting covered Front Porch with enough area for sitting, welcomes you as you enter the handsomely appointed Front Door. The Living Room with all its NATURAL LIGHT leads to the spacious Eat-In Kitchen. Here you will find a GAS RANGE, Stainless Steel Appliances, NEW REFRIGERATOR 2023, ample Hardwood Cabinets and Built-In Shelving for extra usage and the decor. The SPLIT BEDROOM floor plan offers PRIVACY for the Primary Bedroom En Suite which is large enough to fit a king size bed along with other furnishings, offering double closets. The comfortable En Suite includes an expansive Walk-In Shower. Conveniently located precisely outside the Primary Bedroom is the Inside Laundry Area with a NEW WASHER 2022 and NEW DRYER 2022. The remaining Two Bedrooms share the Second Bathroom with a Shower/Bath Combo. The Overextended Detached Garage is extremely functional and would make a great WORKSHOP as well as EXTRA STORAGE SPACE. With .26 ACRES and the Backyard is ENTIRELY FENCED for PRIVACY!!! This OVERSIZED (larger than most) LOT has ENDLESS POSSIBILITIES!!! For instance, future additions, little ones' playset, pets, pool and outdoor living such as the Deck, which was next on the Sellers' list for immediate plans... Also, Sellers purchased two NEW CEILING FANS to be installed in the Living Room and Primary Bedroom En Suite. Just minutes from Great Dining, Shopping, Parks, Entertainment and less than 30 minutes to Orlando International Airport and Disney!!! 3D TOUR: https://nodalview.com/s/3XsH1tzCj0W8CvwXfOfN5x
You may be able to put down less than the total down payment amount of $61,894 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: #o6202762
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.