522 PENNY ROYAL PL, Oviedo, FL 32765
Step into your new sanctuary nestled within the GATED community of COPPER CHASE in the heart of Oviedo. As you enter this END UNIT, you are greeted by the serenity of lush conservation views, away from the hustle of the city. Mature crepe myrtle and magnolia trees shade the covered walkway to the private side entrance. Upon entering, to your right is the sunlit open concept combined kitchen, dining and living room. The kitchen will delight the senses of any culinary artist, boasting ample cabinet space and a closet pantry for additional storage, a working island with breakfast bar, gleaming stainless-steel appliances including a wall oven and microwave and a built-in cooktop. Recessed and pendant lighting create a sense of warmth to relax in or to share a meal in the dining nook. Sliding glass doors off the living room lead to a screen enclosed patio with interlocking tile floors and peaceful forest and pond views – the ideal space to enjoy a favorite beverage in solitude, reading or to share a conversation with a special someone. To the left and down the hall, double doors open to a bonus room versatile enough to serve as an additional bedroom, office or den and a convenient half bath makes this floor fully functional. Wooden spindle rails and staircase lead to the second level of this townhome. A split-bedroom floor plan features three bedrooms, two of which share a full bath, and an inside laundry room. The owner’s retreat to the rear of the upper level is adorned with a modern tray ceiling, an expansive walk-in closet and an ensuite bath where you can luxuriate in the jacuzzi garden tub looking over the pond area in the back yard. With additional space in the single car garage, an air handler replaced in 2023 with a UV light to help prevent mold growth and improve air quality, and LOW FEE HOA ensures peace of mind, covering exterior maintenance, including a roof less than three years old, building painting, termite treatment, garbage/trash services, lawn maintenance, and recent sod and landscaping installations. Your community gate remote is included, granting access to a tranquil enclave featuring tree-lined walkways, dog walking stations, and a park/playground. From this location, every convenience is at your fingertips, from shopping and dining to top-rated Seminole County Schools. With easy access to major highways, Oviedo on The Park, UCF, Siemens, and Research Parkway, you can embrace the allure of Central Florida living at its finest. MAJOR SYSTEMS: Roof 2022, Air Handler 2023, Water Heater 2007. <iframe width='853' height='480' src=' https://my.matterport.com/show/?m=VjHxSQs2tLC&brand=0&mls=1& ' frameborder='0' allowfullscreen allow='xr-spatial-tracking'></iframe>
You may be able to put down less than the total down payment amount of $202,233 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6213701
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.