5535 Long Lake Dr, Orlando, FL 32810
4 beds · 2 baths · 2,479 sqft
Seller welcomes offers and may consider buyer concessions at the right PRICE point in this mainly renewed and refreshed Florida life style home, close to many shopping centers, anmusement parks, restaurants, with much more and priced to sell. This Beautiful home that features a fabulous POOL to relax and refresh every day, not to mention gatherings galore in a completely fenced-in private backyard where you can enjoy privacy and the Florida life. Another thing the future home buyer would not have to worry about is that the home has New gutters throughout also for extra home protection in the Florida rainy days, Water softeners system as well for clothes, beautiful skin and it has many other extras worth looking at plus including transferrable solar panels with amazing great power savings, capability to keep the power now on a days which is so necessary, also what we all look for a New 12/2023 Roof,buyer does not have to paint, the Home has been recently painted inside out, updating with brand new doors and closets throughout, another detail the buyer will not need to worry about is a Newer 4-ton 4-ton A/C 2020, Back windows are double pane, plus a new sliding door in the master room. The Open kitchen has newer stainless steel appliances including an LG smart Refrigerator, including a double double oven stove, and a dishwasher included for your convenience . The kitchen was remodeled in 2019, the Master bath was remodeled in 2022, as well as 2022 ceiling fans. Newer kitchen with solid solid wood cabinets. This one has not found its lover yet, its there for the taken and ready for the next family, do not skip this one and come see, with a make it your own vision. Seller is motivated.
Source: STELLAR #s5093219
Source: STELLAR #s5093219
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: #s5093219
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.