3468 Mccormick Woods Dr, Ocoee, FL 34761
4 beds · 4 baths · 2,907 sqft
Four Bedroom and Three and a Half Baths * Two Story house * Block and Stucco * Gated Community * Entering the house with large covered porch * house has just been repainted outside * enter through the tall doors into formal living room and dining room * open floor plan with tall doors throughout the house * enjoy the family room on the first floor open to the kitchen with large bar area setting for six to eight * dining area off the kitchen with window has a view of the backyard with privacy * enjoy the conservation area while stepping out to the large covered patio with a beautiful landscaped large back yard * fenced and plenty of room for a pool * large windows allows for viewing the launching of the satellites from the Kennedy Space Center * on first floor half bath with window * extra desk are with closet * utility room leads to the Three Car oversized Tandem Garage allowing for golf carts or plenty off extra storage * could also be converted to a room * large closet for vacuum * luggage first floor * upon entrance into the house the staircase starts up to the second floor with landing overlooking the downstairs * staircase is not facing the front door * hallway on second floor has a closet * enter through the archway to the Primary Bedroom with double doors upon entering * large seating area * two double walk in closets * one on one side of the bedroom * one on the other side of the bedroom * enter into the primary bath with dual vanities one with seating * large tub and separate large shower * Linen closet in the bath area * Two Bedrooms share a bath with shower and tub * large vanity one with walk in closet and the other with large double closets *Fourth Bedroom has its own bath with tub and shower * double closet * storage all over the house in the best locations * stainless steel appliances about four years old are included * washer and dryer does not stay * ceramic tile and carpet * HOA includes pool * Playground * picnic area *Street Lights 8 minutes from sr 429. house will be available for December 1st, 2024
Source: STELLAR #o6246367
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6246367
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: #o6246367
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