634 Canna Dr, Davenport, FL 33897
4 beds · 3 baths · 2,278 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. NEWLY REMODELED GORGEOUS POND and WOODED VIEW! Come enjoy this craftsman style home with 2278 square feet of living space, 4 bedrooms and 2.5 bathrooms, providing plenty of room for comfortable living. BRAND NEW A/C (2025) AND NEWER ROOF (2022) too! With a DEEP BACKYARD, there is plenty of room for endless possibilities. The wide entryway leads you to where you will be immediately drawn to the open concept design that easily connects the kitchen, dining, and living areas. This open kitchen has BRAND NEW GRANITE COUNTERTOPS, and BRAND NEW STAINLESS-STEEL APPLIANCES, and BAR AREA for additional seating. Off the kitchen, is a HUGE Laundry Area and PANTRY and ample STORAGE area that is a rarity in this size home. The WOOD TILE adds elegance and durability to the home and the spacious living room is perfect for enjoying get-togethers and has plenty of room for everyone. Sliders off the Dining area lead into the LARGE BACKYARD with a STUNNING VIEW of POND. Upstairs all NEW LUXURY VINYL PLANK FLOORING THROUGHOUT. Don’t forget about the incredible Extra Large Main Bedroom and HUGE WALK-IN CLOSET where there is so much room for all your furniture and then some. Main Bath has BRAND NEW VANITY with double sinks and a BATHTUB to enjoy and relax into. This home also includes NEW VANITY in second bath, NEW BLINDS, NEW LIGHTING, NEW DOOR HARDWARE throughout. Located in the desirable Four Corners community. The low HOA includes community pool, playground, outdoor fitness, and basketball area. Four Corners offers convenience with two Publix stores, Starbucks, and Champions Gate Crossing nearby. The home is less than three miles from major highways, with Disney World just two exits away! Enjoy dining options like Olive Garden, Chili's, and local favorites, plus a range of shopping at Posner Park.
Source: STELLAR #TB8373842
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8373842
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.