3630 Molona Dr, Orlando, FL 32837
4 beds · 3 baths · 2,055 sqft
Prime Location, Motivated Seller! Prime Location in Hunters Creek: Live in one of the most sought-after areas in Orlando, with access to parks, shopping centers, and major highways. Property Description: Enjoy this beautiful two-story home with 4 bedrooms and 2.5 bathrooms, located in the desirable Ocita community in Hunters Creek. The property features ceramic floors throughout, a first-floor master suite, and spacious social areas, including a formal living room, dining room, and office. The large family room with a fireplace opens to a private screened pool and spa, perfect for entertaining family and friends. Conveniently located near shops, restaurants, and major highways, it’s the perfect home to enjoy the Orlando lifestyle. Recent Upgrades: Roof (2021), Air Conditioning (2022), Water Heater (2023): The essential maintenance of the house is already up to date! Avoid worries about high maintenance costs. Seller Financing Available: This option offers flexible financing, with a $212k down payment. Contact us for available terms. Investment Opportunity: Currently rented for $2,600 month, with a lease in place until December 2024. The rent hasn’t been updated in the last two years, meaning there is significant potential to increase the rent to its market value. Don’t miss this unique opportunity! Whether you’re looking for a new home or a profitable investment, this property in Hunters Creek has it all. Contact us today for more details and to schedule your visit!
Source: STELLAR #o6247094
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6247094
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: #o6247094
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.