5773 Gatlin Ave Apt 627 # 627, Orlando, FL 32822
2 beds · 1 baths · 934 sqft
Charming 2-Bedroom Condo in Venetian Place – Perfect Investment Opportunity! Discover the ideal blend of comfort, convenience, and investment potential in this delightful 2-bedroom, 1-bathroom condo nestled within the vibrant Venetian Place community. Bathed in natural light, this inviting home is perfect for those seeking a peaceful retreat or savvy investors looking for a property with tenants already in place. As you step into this bright and airy condo, you’ll be greeted by an open-concept living space that effortlessly combines style and functionality. Large windows invite the sunshine to illuminate the cozy interior, creating a warm and welcoming atmosphere. The well-designed kitchen offers plenty of counter space, making meal preparation a breeze. Both spacious bedrooms provide a tranquil escape, each designed with comfort in mind and ample closet space. Living in Venetian Place means enjoying a convenience of community amenities that enhance your lifestyle. Take advantage of the stunning canal views from the clubhouse, where you can relax by the pool or unwind in the jacuzzi after a long day. The fully equipped gym offers a fantastic space for your workouts, while the clubhouse serves as a hub for social gatherings and community events. Location is key, and this condo doesn’t disappoint! Situated just minutes away from the international airport, the vibrant Lake Nona area, and major highways, you’ll have easy access to shopping, dining, and entertainment options. With tenants already in place, this property presents an exceptional opportunity for investors looking to add to their portfolio. Don’t miss out on this chance to own a bright and inviting condo in a highly desirable community. Schedule your viewing today and seize this fantastic investment opportunity in Venetian Place!
Source: STELLAR #s5115766
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5115766
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.
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: #s5115766
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.