6311 Matchett Rd, Belle Isle, FL 32809
2 beds · 1 baths · 1,240 sqft sqft
Nestled in the serene community of Belle Isle, this charming 2-bedroom, 1-bath home sits on a generous 100' x 125' lot. Enter the bright and inviting 15' x 19' living room, featuring beautiful wood floors, recessed lighting, crown molding, built-in shelving nooks, ceiling fan, and energy-efficient double-pane windows. The dining area opens seamlessly to the kitchen with white cabinets, recessed lighting, and picturesque backyard views. A den, with warm wood-paneled ceiling, is the ideal spot for a TV room and offers easy access to the covered back porch - perfect for relaxing or entertaining outdoors with your own fun “Tiki Bar” deck, and two storage sheds. You’ll find washer and dryer just off of the den in the attached 1-car garage with electric garage door opener. On the opposite side of the home, are two good-sized bedrooms. The larger of the two measures 12' x 14' and includes two closets, providing ample storage space. The full bath features a convenient tub/shower combo. Roof replaced in 2017. Electrical panel updated in 2004. This property combines character, functionality, and a tranquil location, making it a perfect retreat in the heart of Belle Isle with easy access to Lake Conway, parks, Cornerstone Charter Academy, the Florida Mall, and many Conway-area restaurants and shops.
Source: STELLAR #o6244074
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6244074
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: #o6244074