4761 Vellacito Way, Davenport, FL 33897
4 beds · 2 baths · 1,972 sqft
Short Sale. SHORT SALE! Opportunity knocks for an amazing home at an amazing price! Take advantage of a smooth purchase with our property, supported by the Pennymac Preapproved Rapid Short Sale Program. This means a faster, hassle-free transaction with preapproved terms. Highlights: Efficient Process: Quick closing with preapproved short sale terms. Clear Advantage: Streamlined experience for a straightforward purchase. Great Value: Competitive pricing for a valuable opportunity. Why settle for new when you can have better than new? Welcome to this pristine Seneca floorplan in the vibrant Tierra Del Sol Community. Just a 15-minute drive from Walt Disney World Resort and Orlando's hottest parks and restaurants, this modern masterpiece has been minimally occupied due to a work relocation, making it practically untouched and ready for you. Step inside and be wowed. This sleek Smart Home greets you with an impressive foyer that flows into a spacious, adaptable living area. The Seneca plan is designed for modern living, evolving seamlessly with your lifestyle. The heart of the home? The kitchen. It's a showstopper with a stunning L-shaped premium quartz countertop and an expansive breakfast bar, perfect for hosting epic gatherings. The open-concept layout connects effortlessly to the casual dining and gathering rooms, making it an entertainer's dream. Retreat to your private oasis. The owner's suite, tucked away down a private hallway from the flex room, offers a serene escape with its own luxurious bath. The additional three bedrooms are strategically situated for maximum privacy and comfort. Practicality meets style. A convenient drop zone next to the laundry room simplifies unloading from the garage, while the covered lanai invites you to relax and soak in Florida’s breathtaking sunrises and sunsets. Enjoy your mornings with a cup of coffee and unwind in the evenings with fresh air to clear your mind. Efficiency and elegance. This home boasts energy-efficient appliances and sleek tiles in all common areas, combining style with sustainability. The color palette is favorable to any decor, with fresh premium paint throughout! Living in Tierra Del Sol means enjoying top-notch amenities. Dive into the community pool, explore the playground, or gather at the community center. Everything you need is within reach, including new shopping areas, restaurants, and the Bella Cita K-8 school right in the community. Don't miss your chance to own this gorgeous, versatile home and elevate your living experience!
Source: STELLAR #w7866860
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7866860
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: #w7866860
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.