3601 Pembrook Dr, Orlando, FL 32810
3 beds · 2 baths · 1,105 sqft
WELCOME to your urban oasis in the city! This fully renovated home has it all & more. New roof (2019), new septic(2019), updated HVAC(2023), fully renovated inside, chicken coop, OFF GRID whole house generator hook up(2021), 20 foot raised bed garden currently growing potato’s, three fully grown mature avocado trees producing 200-300 avocados per year, orange tree producing 100 florida oranges per year, loquat tree, papaya tree, and olive tree. Crepe myrtles line the picturesque property, boasting scenic views of a quaint pond and wildlife. Home has a screened in porch with new screens and door (2024) custom walkway with rock garden as well as custom walkway through yard to separate patios. Chicken coop with custom fencing sectioning off their own area in the back corner of the property! This house is perfect for the urban homesteader and for entertaining guests indoors and out! Side of house is a full concrete slab perfect for storing outdoor toys as well as boats and jet skis. Rooms are a comfortable size, this home has three bedrooms and two bathrooms. Ample storage is supplied through 4 separate linen closets as well as customized shelving throughout the garage. Come live out your urban gardening dreams while being in the middle of everything. The home location is central to Maitland, Winter Park, and Altamonte Springs.
Source: STELLAR #o6256943
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6256943
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: #o6256943
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.