488 Sapphire Dr, Davenport, FL 33837
5 beds · 3 baths · 3,212 sqft
This beautiful 4-bedroom home sits on a unique lot in the desirable community of Golden Ridge. Built four years ago, the home is completely move-in-ready and offers upgrades you won’t see anywhere else -- including accent walls, contemporary fixtures, custom millwork and exterior hardscaping. Inside the front door, you’ll find a great layout on the main level, with tile floors and lots of natural light. Just off the foyer, there’s an office/den that could easily serve as another bedroom. The kitchen is open to the living room and features granite countertops, stainless appliances (bonus wine fridge!), a pantry and a large island with bar-top seating. Come spring, you will spend every day on that covered porch and massive brick paver patio. The property backs up to a conservation & forest area that will never be developed, which provides you with beautiful views and no back neighbors! Back inside, the main level offers a guest room and a full bathroom – perfect for in-laws or guests. Head upstairs to find the other bedrooms, the laundry room and a large versatile loft area. The spacious primary bedroom includes a walk-in closet and an ensuite with a double vanity, a W/C and a gorgeous frameless glass shower. Golden Ridge is conveniently situated just off Hwy 27, with Publix, retail shopping and popular restaurants like Manny’s Chophouse and Ovation Bistro & Bar only 10 mins from your front door. You’ll also be close to numerous golf courses, fishing holes and medical facilities. Davenport is located right between Orlando and Tampa, so you can be at all the theme parks or at the beach in less than 90 mins!
Source: STELLAR #o6265636
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6265636
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: #o6265636
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.