5129 Bancroft Blvd, Orlando, FL 32833
4 beds · 3 baths · 2,648 sqft sqft
Luxury Energy-Efficient Home on a 1.03-Acre Lot in Wedgefield's Renowned Golf & Equestrian Community This beautifully crafted model offers 2,655 SqFt of living space, thoughtfully designed for both comfort and style. The home features a spacious extended covered patio with ceiling fans, perfect for outdoor gatherings, and a screened-in, in-ground pool with a relaxing jacuzzi—a true backyard oasis. Inside, enjoy stainless steel appliances, including a range, vented hood, and dishwasher, as well as an oversized 3-car garage for all your storage needs. Noteworthy features include high vaulted ceilings, an open-concept layout, and a split floor plan. The master suite is a true retreat, boasting a tray ceiling, large walk-in closet, and an en-suite bathroom with dual sinks, a luxurious soaker tub, and a separate shower with double shower heads. The secondary bedrooms are equally impressive with high ceilings and plenty of space. Upgrades throughout the home include granite countertops, spray foam insulation for energy efficiency, 42-inch high all-wood cabinets with soft-close drawers and a Lazy Susan, stunning double front entry doors with wrought iron and glass inserts, recessed lighting, and an elegant finished garage with a laundry sink. Act fast—there's still time to personalize your colors and finishes! Join the Wedgefield community, where residents enjoy a championship 18-hole golf course and country club with a newly renovated restaurant and bar, community park, playground, picnic pavilion, sports fields, nature and horse-riding trails at The Hal Scott Preserve, and more. Don’t miss out on this one-of-a-kind home!
Source: STELLAR #s5113770
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5113770
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: #s5113770