403 Tranquille Oaks Dr, Ocoee, FL 34761
3 beds · 2 baths · 1,371 sqft
One or more photo(s) has been virtually staged. Nestled within the cozy Forest Oaks community, this 3-bedroom, 2-bathroom residence presents an exceptional opportunity for those seeking convenience. The home is on an expansive corner lot with a generous front yard and large canopy trees. A thoughtfully designed split floor plan welcomes you inside, revealing generously proportioned living spaces ideal for daily and entertaining. Natural light floods the interiors through new windows, creating a bright, airy atmosphere. The heart of the home is undoubtedly the kitchen, showcasing a suite of brand-new appliances installed in 2024. Abundant cabinetry, a cozy dining nook, and a convenient pass-through to the living room enhance the functionality of this culinary haven. A pantry closet and direct access to the 2-car garage further elevate the practicality of this space. The expansive living room provides an inviting ambiance for relaxation and social gatherings, offering ample space for a large flat-screen television and comfortable furnishings. A charming fireplace adds a touch of warmth, while sliding doors connect the interior to the screened patio, creating an effortless flow for indoor-outdoor living. The adjacent dining room is perfect for a large table to celebrate many holidays. The generously proportioned primary suite is a tranquil retreat. Its ensuite bathroom features ample counter space and a walk-in shower. Two additional well-appointed bedrooms and a second full bathroom ensure comfortable accommodations for family members or guests. The expansive screened patio extends the living space outdoors, providing a perfect setting for al fresco dining or simply unwinding amidst the serene surroundings. A lanai and access to the backyard further enhance the outdoor living experience. Enhanced by a new HVAC system installed in 2023, this residence offers comfort and peace of mind. The interior presents a blank canvas for discerning buyers to personalize the space and infuse their unique style. Positioned in a prime location with convenient access to the 408 and 429, residents will enjoy effortless commutes to Downtown Orlando, Maitland, and the renowned attractions of Disney World. A burgeoning culinary scene with new restaurants and the upscale shopping destination of Winter Garden Village just 10 miles away further enrich the lifestyle offered by this desirable location. This property is ready for new owners to add personal touches and create a haven that reflects their taste. With the potential for a swift closing, this opportunity will not be noticed.
Source: STELLAR #o6260114
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6260114
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: #o6260114
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.