436 ORANGE COSMOS BLVD, Davenport, FL 33837
Spacious and Beautiful 6-bedroom, 5.5-bath home located in the Watersong community. Built in 2014, it has over 3,500 square feet of living space, sitting on a 0.18-acre lot. The property features a private screened-in pool, a two-car garage, and various modern amenities, including central heating and cooling, ceramic tile flooring, and walk-in closets. Close to Disney and all the attractions! 24 Hour Gate with club house with lots of amenities. You can live here or use it as an Investment Vacation Home! Tile throughout the downstairs. Large formal living and dining room. Gourmet Kitchen with granite counter, lots of cabinets and space for cooking or entertaining that opens into a large great room and large eat in space in the kitchen that overlooks the pool. Large Pool with no rear neighbors, oversized screened in back lani. Exterior of the house was painted less than 1 year along with the power washing of the roof. The back by the pool was also repainted and the AC Units were all replaced. Just bring your personal item. Sell is willing to leave some items in the home.
You may be able to put down less than the total down payment amount of $214,584 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: #g5087211