3403 Gatlin Place Cir, Orlando, FL 32812
4 beds · 3 baths · 3,276 sqft
**Roof 2022 **HVAC 2023 ** Gutters recently replaced ** Window screens recently replaced ** The exterior of the home was repainted in 2024 Need space? This home hast it! Located on a picturesque corner lot, in the heart of Orlando this home exudes curb appeal. Inside, the living area is filled with natural light, and high ceilings and plenty of lovely plantation shutters. This large 4 bedroom 2.5 bathroom has over 3,200 sq ft of living space. This home also has a large den/office with entry from the garage on the first floor next to the primary bedroom. This makes it an ideal work from home office, bonus living area, man cave, nursery or bedroom. The stairs lead up to an additional 3 bedrooms, a bathroom and a spacious loft area. The back patio is extensive and leads to a wonderful private yard fenced in for your enjoyment. This home is well maintained and features a long list of recent updates. The home is well maintained and includes an alarm system and transferable Great Location! This home is located Under a 15 minute drive to Downtown Orlando, MCO/airport. Under a 30 minute drive to Disney/Universal. Shopping, dining, and hospitals are all within a few minutes drive.
Source: STELLAR #OM688087
Financials
Source: Public records
Source: STELLAR #OM688087
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.
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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.