3908 Grassland Dr, Orlando, FL 32824
3 beds · 3 baths · 1,728 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Seller may consider buyer concessions if made in an offer ~ Low maintenance living in this two-story END-UNIT townhome in the desirable Somerset Crossings community! Built in 2020, this home offers the perfect combination of modern living and convenience with a spacious OPEN CONCEPT floor plan and prime location. WOOD LOOK TILE FLOORS throughout the main living areas add to the light and bright feel and perfectly compliment the contemporary color palette of the kitchen and bathrooms. The home chef will delight in the grey cabinetry, complimentary GRANITE COUNTERTOPS, and STAINLESS STEEL APPLIANCES for a stylish and functional kitchen. You have your choice of eating space in the kitchen or the generous great room allows you to configure the open layout however suits your needs best. TRIPLE SLIDING GLASS DOORS at the back of the home let the natural light pour in and open up to a COVERED PATIO and the green space beyond. All of the bedrooms can be found upstairs along with the laundry for added convenience – including a PRIMARY SUITE that is a true retreat for the owner complete with a VAULTED CEILING, large WALK-IN CLOSET, and an upgraded en-suite bath that includes a luxurious shower. The second bedroom also has en-suite access to the second full bath making it perfect for guests and family members alike. This home also delivers a side-facing entrance, 2-CAR GARAGE and plenty of curb appeal. The Somerset Crossings community offers excellent AMENITIES – residents will enjoy a playground, pool, and sidewalks, and the HOA covers cable and internet. Located just off the 417 and Lake Nona Blvd, you will appreciate the easy access to Medical City, Lake Nona, shopping, dining, recreation, theme parks, and so much more. This home is the perfect blend of comfort, style, and convenience. Don't miss the opportunity to make it yours!
Source: STELLAR #O6286105
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6286105
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.