412 SHORT DR, Kissimmee, FL 34759
Come see and fall in love with this well-maintained 2-bedroom, 2-bathroom home with a 2-car garage! Originally built as a 3-bedroom, the home was modified by the previous owner, who opted to remove a wall to create a formal dining room. However, converting it back to a 3-bedroom is straightforward with the addition of drywall. The home features newest roof (installed in August 2021), and a new HVAC A/C unit (installed in September 2021), providing peace of mind and energy efficiency. The upgraded kitchen includes dishwasher, deep double sink, refrigerator, and cabinets. The split bedroom floor plan offers a generous master suite with a large walk-in closet, a linen closet, and an ensuite bathroom. Additionally, the home boasts a large, enclosed lanai, perfect for extra living, relaxing, and entertaining. Located on a serene street, the home is beautifully painted inside and out, with ceramic tile in the bathrooms and wood laminate flooring throughout the home. The kitchen also includes a closet pantry. The community offers a park, playground, racquetball court, gym, and pool. The property is conveniently located near shopping centers, restaurants, Disney parks, and the hospital.
You may be able to put down less than the total down payment amount of $73,155 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: #s5111436