5535 LONG LAKE DR, Orlando, FL 32810
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.
You may be able to put down less than the total down payment amount of $102,667 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: #s5093219
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.