378 Lakeview St, Orlando, FL 32804
3 beds · 3 baths · 1,757 sqft
Under contract-accepting backup offers. **The sellers have received multiple offers on this home and are requesting that all Highest and Best offers are submitted by 1 pm on Thursday, April 17. ** Welcome to one of Orlando’s best-kept secrets! This beautifully upgraded 3-bedroom, 2.5-bath townhome offers 1,757 sq. ft. of thoughtfully designed living space in an unbeatable location - just minutes from the heart of downtown Orlando and the charming streets of College Park. Whether you're looking for world-class dining, boutique shopping, or vibrant nightlife, everything is just a short stroll or bike ride away. Inside, gorgeous wood floors flow seamlessly throughout the home, adding a touch of warmth and elegance. The stunning kitchen boasts quartz countertops, a breakfast bar island, beautiful custom cabinets and stainless-steel appliances, making it both stylish and functional. There’s a dinette area that can be used as a flex space for a home office or reading room, that opens to the enclosed front deck, perfect for grilling. Step back inside and just beyond the kitchen you will find the formal dining room and the sunken living room, that creates a cozy yet open atmosphere, perfect for hosting gatherings or enjoying quiet evenings at home. Sliding glass doors lead to your private backyard oasis, blending indoor and outdoor living effortlessly. Upstairs, the spacious primary bedroom is a true retreat, with a walk-in closet, and an upgraded ensuite bathroom. Step outside onto your private balcony overlooking the serene brook, with a cascading fountain and graceful koi, that winds its way through the entire community, along with views of the Downtown Orlando skyline and Lake Concord. It’s the perfect spot to start your morning with a cup of coffee or unwind in the evening. The large secondary bedrooms are to the front of the home, and share a large private balcony. There’s also a unique hidden loft space, adding character and versatility as a bonus workspace, reading nook, or play area through the 3rd bedroom closet. With several private outdoor spaces to enjoy, this home is designed to embrace the ultimate Florida lifestyle. Additional highlights include ample storage and a detached one-car garage. Nestled within the Fountainbrook community, residents enjoy access to a sparkling pool and dock overlooking Lake Concord, as well as a picturesque koi-filled brook that runs throughout the complex, enhancing the already breathtaking water views! Don’t miss out on this special home! Make your appointment for your private tour today! (This is an Owner Occupant community, rentals are not allowed.)
Source: STELLAR #O6289140
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6289140
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.