471 Bonifay Ave, Orlando, FL 32825
3 beds · 2 baths · 1,643 sqft
Beautifully Remodeled Corner Lot Pool Home with Solar and No HOA! Discover the perfect blend of style, comfort, and convenience in this stunningly updated corner lot home, complete with a sparkling pool and a fully fenced backyard. With no HOA, an enviable location in east Orlando, and energy savings with Solar -- this property is a rare find! Step inside to a thoughtfully designed split floor plan featuring sleek laminate flooring throughout. The primary suite is privately located on one side of the home, while two additional bedrooms provide a separate retreat for family or guests. At the heart of the home, the modern kitchen is complete with 42’’ cabinetry, granite counter tops, stainless steel appliances and is a true entertainer’s dream. Surrounded by a spacious living room and dining area, it boasts a charming bar setup with custom cabinetry, ample counter space, a wine fridge, and is finished with lovely display shelves. A versatile bonus space between the kitchen and living room offers endless possibilities: use it as a cozy dinette, a productive home office, or additional living space tailored to your needs. Step outside to your private oasis, where the inviting pool and expansive backyard promise countless days of relaxation and fun. This prime location offers easy access to 417 and 408, connecting you effortlessly to Waterford Lakes Town Center, UCF, Valencia, Lake Nona, downtown Orlando, and Orlando International Airport. Don’t miss the chance to make this exceptional home yours—schedule your showing today!
Source: STELLAR #o6267031
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6267031
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: #o6267031
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.