6314 Lake Horseshoe Dr, Orlando, FL 32818
3 beds · 2 baths · 1,770 sqft sqft
Welcome home to this charming 3-bedroom, 2-bathroom home nestled on an irregular lot within the Horseshoe Bend community. Step inside to a spacious, split-floor plan with an open Living and Dining Room combo where natural light floods through the window and blinds on the French doors. The open kitchen and family room combo is perfect for entertaining and daily living. The kitchen features ample cabinets with soft-close drawers, a lazy Susan, ceramic tile, granite countertops and island with a closet pantry. The family room has French doors with blinds, engineered hardwood flooring with a wood-burning fireplace. The primary bedroom is a spacious retreat with a large walk-in closet and an ensuite bathroom that has two pedestal sinks, granite countertop, tub/shower combo and ceramic tile flooring which offers comfort and privacy. The two additional bedrooms, located on the opposite side of the home, are generously sized, ideal for guests, home office or exercise room with spacious closets and share a hall bathroom with a pedestal sink, stone countertop, tub/shower combo and ceramic tile flooring. Home was replumbed, has an updated Water Heater, A/C unit, garage door opener and a low annual HOA. Step outside to a screened patio with a relaxing spa after a long day, TV, bar with stools and adequate seating for dining. There is a gazebo for entertaining, fruit trees and a side patio for housing metal sheds and barbeque grills. This home provides quick access to public transportation, the 408 Expressway, the 429 Beltway, and is a short drive to Univeral Studios, Disney, MetroWest and Downtown Orlando. Don't miss this incredible opportunity to make this your new home. Call today to schedule your private showing.
Source: STELLAR #o6240183
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6240183
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: #o6240183