VA loan
1 of 80
VA loan
$998,250

4234 Sunset Preserve Blvd, Orlando, FL 32820

7 beds · 6 baths · 4,527 sqft sqft

EXCELLENT PRICE! BELOW MARKET VALUE! TONS OF UPGRADES ADDED AT DESIGN STUDIO THAT YOU ARE GETTING FOR FREE! Come see this IMMACULATE, BEAUTIFULLY APPOINTED, 7 BEDROOM, WATERFRONT NEW HOME! Move into the beautiful newly built home that does not need anything! This stunning home was built in 2023! The OWNERS are METICULOUS and have kept it BRAND NEW and have ADDED CUSTOM ENHANCEMENTS. Get the best of both worlds, A new home with carefully selected appointments to finish it off such as pendant lighting, ceiling fans, wood casing, custom molding and more wood detailing, a spectacular CUSTOM WINE BAR area, CUSTOM BUILT IN MASTER CLOSET AND KITCHEN PANTRY and much more! When you walk in this home you look straight through the home into the backyard through massive disappearing sliding glass doors to the oasis out back looking over the water. Enjoy evening vibrant skies during the beautiful Florida sunsets right from your home and back lanai! This home has been tastefully designed down to every single detail. Get the benefits of a brand-new home without having to wait. This home has a great design for entertaining! The home lives like a one-story home with the living areas, Master Bedroom, a second master suite and three guest bedrooms all on the main floor! When entering the second floor you are greeted by a large bonus room. Off the bonus room through double doors you will find a theater room. There are also two more guest bedrooms on the second floor. This home has a wonderful layout! Located in a gated community. The community offers a private boat ramp to the Beautiful Lake Pickett which is a private 763-acre beautiful lake to boat, water ski, fish or just to take in the beautiful Florida sunsets. The community also has a playground. The community feels spacious from the oversized streets to the at minimum half acre homesites and larger. The homes are spread out nicely allowing for large yards and complete privacy. THE OWNERS HAVE INSTALLED A WELL RESULTING IN $12 IN MONTHLY WATER BILL and the WELL has been PAID FOR IN FULL! This home is in an amazing location! You will be located about 15 minutes from The University of Central Florida, about 30 minutes from Lake Nona/Medical City and the Orlando International Airport, less than 20 minutes to Waterford Lakes Town Center, 4 miles from Publix, Restaurants and more shopping. You will be just minutes from 408, 417 & 528. This is a prime location for all conveniences yet feels so peacefully tucked away from the hustle and bustle resulting in a very quiet community. This home is a must see! Come visit this Warm, Friendly Neighborhood because you are sure to want to stay forever!

Interest rate 3
4%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$4,325
With Roam
$5,963
Reduce your monthly payments by $1,637 when you assume this mortgage.
You also save $561,758 in total interest paid.

$115,005
Edit

You may be able to put down less than the total down payment amount of $115,005 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
4,527 sqft
Lot size
0.5 acres
Year built
2023
Type
Single Family Residence

Source: STELLAR #o6215985

Loan
Remaining term
28 years, 7 months
Rate
4%
Monthly P&I
$4,325
Remaining loan balance
$883,244

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 21, 2024 11:32 am
Listing agent: Lori Gilmore (407) 402-2623
Listing provided courtesy of: LORI GILMORE REAL ESTATE LLC (407) 402-2623
Details provided by STELLAR and may not match the public record.
MLS ID: #o6215985
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$4,325/mo
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