5990 Braemar Pl Apt 107 # 107, Orlando, FL 32822
2 beds · 3 baths · 1,485 sqft sqft
**This property qualifies for a closing cost credit up to $2,000 through the Seller’s preferred lender.**Beautiful end-unit townhome with two spacious master suites in an established community. Freshly painted inside and out, this home was originally designed as a 3-bedroom but was converted by the owner during construction to offer two private master bedrooms, each featuring a walk-in closet and private bathroom. The master shower has been newly tiled, and both bathrooms have been updated with granite countertops. The main floor offers a spacious living room with a charming bay window, a convenient half bath for guests, and a well-appointed kitchen featuring granite countertops, updated cabinets, and stainless steel appliances. The kitchen also includes a pass-through window to the living room and a discreetly tucked-away laundry area behind closet doors. Additional storage is available under the stairs with built-in shelving for added organization. Sliding glass doors lead from the dinette area to a fully screened and tiled Florida room, complete with vinyl sliding windows, screens, and a ceiling fan. From the Florida room, step out to a fully fenced backyard area with a separate storage closet. New flooring, A/C, and Water Heater (2024) The HOA fee covers sewer, water, a community pool, fitness center, tennis courts, and access to a lakeside dock with a pavilion and grills, providing a variety of amenities to enjoy the Florida lifestyle. A clubhouse is also available for rental, perfect for gatherings and events. Conveniently located near downtown, the airport, and a range of shopping and dining options, this townhome offers a well-rounded lifestyle in a sought-after location.
Source: STELLAR #o6257600
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6257600
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: #o6257600
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.