5218 Cortland Dr, Davenport, FL 33837
4 beds · 3 baths · 1,980 sqft
Introducing a stunning new listing at 5218 Cortland Dr, Davenport, FL 33837 - https://view.spiro.media/order/ba164822-aaf6-419b-6dcf-08dcc2a0414e?branding=false. a delightful family home that's all ready for you to move in! This freshly listed property features a spacious 1,980 sqft layout with four cozy bedrooms and three pristine bathrooms. Step inside and you'll be greeted by high ceilings and an open floor plan that makes every square foot inviting. The living areas boast hard flooring for easy maintenance, while the bedrooms are comfortably carpeted, offering a warm and soft retreat at day's end. Cooking enthusiasts will adore the kitchen, equipped with sleek granite countertops that provide both beauty and practicality. For those who relish the outdoors, this home comes with both a screened-in front porch and a screened back porch – perfect spots for your morning coffee or a relaxing evening. The fenced yard ensures privacy and security, making it an excellent play space. Located in a vibrant area of Davenport, FL, you're just a stone’s throw away from essential shopping, appetizing restaurants, world-famous theme parks, and major roadways that connect you to everything you might need or want. Whether you're a growing family or someone looking for a comfortable and convenient place to call home, 5218 Cortland Dr offers a blend of comfort and convenience that's hard to beat. Don't miss out - make this house your home today!
Source: STELLAR #o6236739
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6236739
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: #o6236739
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.