609 Bernard Ln, Davenport, FL 33837
4 beds · 2 baths · 1,602 sqft
Welcome to your 4 bedroom 2 bath dream SOLAR ENERGY home in a cute quiet neighborhood. Enter this home to a large foyer, off the foyer is 2 nice bedrooms with large closets and a full bathroom with a tub. Continue down the foyer hallway to the great room with a beautiful bright and airy kitchen, plenty of cabinet space. Beautifully adorned with a tasteful backsplash that compliments the counter tops - A huge walk in closet pantry . Appliances like the refrigerator, dishwasher and stove are all included. Off the kitchen is the laundry room which has plenty of room if you would like additional cabinets. Also Bedroom #4 which could also be used as a study/ home office, playroom, etc. The dining space in the kitchen is large enough for family or friends to gather. And FINALLY, This little gem boasts a nice size primary bedroom that fits a king size bed with plenty of room to spare, and a private bathroom with a stand up shower and a large walk in closet with plenty of space. Outside of the dining area is a nice covered screened porch for those that enjoy being outside without the bugs ! The back yard is large enough for a pool if you wish and already fenced for privacy. The home also has a 2 car garage. The LOCATION of this home makes it ideal. Close to shopping and great restaurants, main roads and about 20-30 minutes to the theme parks. Make your appointment today to see it for yourself.
Source: STELLAR #s5116095
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5116095
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: #s5116095
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.