Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
VA loan
1 of 63
VA loan
$524,500

457 Sorrento Rd, Kissimmee, FL 34759

3 beds · 4 baths · 2,580 sqft

MOST POPULAR VENETIAN MODEL, located in the Bella Viana Neighborhood of Solivita. This LARGE, lovely, open concept floor plan, with 2580 air conditioned sq ft, has 3 Bedrooms plus Den, 3.5 baths, OVERSIZED 3 CAR GARAGE and overlooks a palm tree landscaped grassy area! This home welcomes you with double glass insert French doors. Once inside, you’ll love the open concept! Large Gourmet Kitchen features double oven and cooktop, 42” cabinets with lower pullouts, Corian counters and tile backsplash. Lots of cabinets for storage!!! Breakfast Bar plus Large Breakfast Nook. Separate Dining Room with tray ceiling and chair rail. The Primary Bedroom features a tray ceiling and blackout shades. The Ensuite Bath has dual vanities, a walk in shower with separate tub, linen closet and dual custom designed closets. Sliding glass doors from the Nook and Great Room lead to the covered, screened Lanai. The laundry room has a built-in sink, cabinets, and shelves for extra storage. Upgraded lighting throughout. The two Guest Bedrooms have private baths and the Powder Room is conveniently located off the living areas. The garage has side entry door and includes 2 refrigerators. Some wonderful options are 8’ doors, rounded corners, 5 ¼” baseboards, tile floors in the main living areas with carpeting in the bedrooms and den. Plantation shutters throughout the home. There is a Whole House Water Softener. The exterior of the home was painted in April 2021. 6 month home warranty included. Solivita is an Award Winning, Master Planned and Gated 55 Plus Golf Cart Community in Central Florida. 4,300 acres of pure luxury with ponds, conservation, 2 18 Hole PGA Golf Courses, tennis and pickleball courts, 14 temperature controlled pools, 2 State of the Art Amenity Centers complete with trainers, classes and the latest equipment. Play softball, horseshoes or bocce ball. Solivita has something for everyone! A downtown Village Center with restaurants, activities, a hometown pharmacy/sundries store, library, art studio, meeting rooms, and a pro shop. Enjoy top notch entertainment in the ballroom or take a class or a seminar at Solivita University. Ride your golf cart to the park, enjoy the butterfly garden or grow veggies in the community garden. You can take at golf lesson at Stonegate Golf Club, drive balls at our aquatic driving range or take your “best friend” to the dog park. Join any of over 200 clubs, visit with friends and neighbors. Solivita is convenient to shopping, houses of worship and a great place to live. Don’t wait…schedule an appointment to see this home today and start enjoying the Solivita Lifestyle!

Estimated
Seller's interest rate
3.375%
7%
Estimated
Principal & interest
$1,945/mo.
$2,847
You may also save up to $294,003 in total interest paid.
Listing price
$524,500

Your cash down payment
$109,713
Seller’s estimated current equity is $109,713
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,945 monthly payment

Financed
$414,786
Assumed mortgage 3.375% • Seller's rate
$414,786
2nd mortgage 9.25% • No prepay penalty
$0

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
2,580 sqft
Lot size
0.23 acres
Year built
2006
Type
Single Family Residence

Source: STELLAR #s5109944

Loan
Remaining term
27 years, 2 months
Rate
3.375%
Monthly P&I
$1,945
Remaining loan balance
$414,786

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: Dec 21, 2024 10:49 am
Listing agent: Gloria Cherry (239) 641-9559
Listing provided courtesy of: BELLA VERDE REALTY LLC (407) 641-2688
Details provided by STELLAR and may not match the public record.
MLS ID: #s5109944
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.
$1,945/mo
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