557 SAPPHIRE DR, Davenport, FL 33837
**Don't forget to immerse yourself in the 3D tour** Walk into one of the most beautiful pool homes in the area!. This spacious, bright and open Wellington model was built by Park Square homes just a few years ago. The home features: a tandem 3 car garage with luxury vinyl waterproof plank flooring, upgraded flooring throughout the entire first story including in the well appointed downstairs guest bedroom, there is a downstairs office, upgraded quartz countertops in the kitchen that features a large island and stainless steel appliances, there is also quartz in all bathrooms, upgraded fixtures throughout, a downstairs laundry room with a convenient laundry chute on the second story, a huge upstairs loft space/game room, plus four large bedrooms; the master bedroom is very spacious with a large walk-in closet and a smaller closet as well, and the master bathroom features double sinks with large shower. Other features include upgraded network panel for POE surveillance system in the master bedroom and a panel for fiber optic cable and modem in the laundry room, home theater surround system inputs and surround sound pre wiring in the ceiling of upstairs game room. In 2022 the 16x29 custom pool was added, for you to enjoy the FL sun in, it features the lagoon dark pebble tec finish, a sundeck with bubblers, multi color lights, a huge travertine deck plus pavers extension surrounds the pool, all completely fenced in and private with no rear neighbors. The landscaping has been professionally done with mature landscaping and an automatic irrigation system, the drive way pavers have been extended to go around the home. This home has everything you could ever need and wish for in Florida. It is located in the Golden Ridge community which is in desirable Davenport, just about 20 minutes away from Disney and about 30 minutes away from Legoland, but also conveniently located between Tampa and Orlando; there is shopping, dining, entertainment, hospitals, golf, etc. just a few minutes away. There is an easement between this property and the land behind which is privately owned is zoned as conservation/citrus grove as of right now. https://HomeJab.vr-360-tour.com/e/dFoBjlcRdQI/e Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
You may be able to put down less than the total down payment amount of $316,068 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: #o6188784
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.