3856 BOWFIN TRL, Kissimmee, FL 34746
Welcome to your magnificent home in the much sought after community of Bellalago! This Tuscany style stunning 4 bed and 4 full bathroom residence boasts unparalleled luxury and functionality. Upon entering, you're greeted by high ceilings that create an airy and spacious ambiance throughout. The heart of the home is the meticulously upgraded kitchen, featuring sleek granite countertops, stainless steel appliances, and a convenient walk-in pantry for all your culinary needs. Two versatile multi-purpose spaces flanking the kitchen offer endless possibilities, whether you envision them as a home office, craft area, or even a wine storage haven. This thoughtfully designed home boasts not one, but two master suites. The first one is located downstairs, features a luxurious stand-up shower, duel sinks and walk in closets. Upstairs, the second master suite awaits, complete with a lavish bathtub and separate shower, dues sinks and a huge walk in closet. Entertaining is a breeze with the flexible living spaces this home offers. The downstairs flex space can effortlessly transition between a formal dining room, a lively game room, or a functional home office, accommodating your ever-changing needs. Upstairs, a spacious bonus room awaits, perfect for family movie nights, a children's play area, or a cozy reading nook. Upstairs also has access to a screened in balcony adding a touch of uniqueness to your home. Outside, the allure of nature beckons from the comfort of your own backyard. With the conservation area as your backdrop, you have a peaceful private oasis to escape the hustle and bustle of everyday life. In addition to this luxurious home, the Bellalago is a resort style guard gate community with unparalleled amenities and stunning natural surroundings. You’ll have a breathtaking pool, water slide, water park, fitness center, clubhouse, walking and bike trails, dog park, volleyball, tennis and basketball courts, a fishing pear and water access to Lake Tohopekaliga via boat ramps and boat lifts. All this minutes from restaurants and shops.
You may be able to put down less than the total down payment amount of $303,469 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6204422