3428 Monteen Dr, Orlando, FL 32806
3 beds · 2 baths · 1,941 sqft sqft
Welcome home to the highly desirable Conway area. The flooring throughout this lovely 3-bedroom, 2-bathroom home is mostly the original terrazzo! Enjoy fresh tangelos from the producing tree in your front yard. When you walk through the front porch and front door, you enter the living room which has a hallway to the bedrooms and access to the kitchen. The updated kitchen has a breakfast nook with built-in cabinets and additional counter space. The dining room, with a built-in cabinet, is conveniently located next to the kitchen and the family room. The HUGE family room has laminate flooring, plenty of storage, and a wood burning fireplace, which is also plumbed for propane (simply add a tank). The family room leads to a Florida Room/enclosed porch, which leads to a generous backyard with a shed. The irrigation system is on well water to help keep those water bills low! The home was re-piped in November 2024 and a NEW ROOF is being installed. Newer items include HVAC (2020), water heater (2017), and stainless-steel appliances. The interior of the house was painted in October 2024. The septic tank was pumped in April 2024 when a new sump pump and holding tank were installed. Conway is conveniently located between downtown Orlando and the airport. The Orlando Health campus is a 15-minute drive and Lake Nona/Lake Nona Medical City, including the VA hospital, is less than 30 minutes away. The Disney Parks are a quick 30 - 40 minute drive and Cape Canaveral and Cocoa Beach are just under one hour away. Your new home is also close to both the Hourglass District and SoDo District, where you can find trendy restaurants and entertainment options. This home is covered by a 2-10 Home Buyers Warranty during the listing period only. Buyers have the opportunity to continue coverage at closing. Please ask your real estate agent for more details.
Source: STELLAR #o6252871
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6252871
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #o6252871
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.