5606 Satel Dr, Orlando, FL 32810
3 beds · 2 baths · 1,431 sqft sqft
Amazing opportunity to own this completely remodeled home with a short commute to Downtown Orlando and the Maitland Center complex. Satel Drive is located between two canals and has no cut thru traffic, making it an ideal peaceful retreat. Inside you will be wowed by the completely remodeled interior. The expansive great room has loads of natural light and leads to the dining area with direct access to the back deck. Kitchen features newer stainless-steel appliances, granite countertops, and a load of cabinet storage. The split bedroom floor plan offers two large bedrooms that share a pool bath, while the primary is secluded with its own ensuite. Interior features all new wood plank tile, interior paint and recessed lighting. The oversized two car garage has a separate laundry area. The French doors off the back of home lead to a huge deck overlooking the sparkling pool. Enjoy your evenings out back or your mornings on the front covered porch. Make this home yours today before it is too late.
Source: STELLAR #o6250248
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6250248
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.
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: #o6250248
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.