Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 38
$460,000

6542 Merrick Landing Blvd, Windermere, FL 34786

3 beds · 3 baths · 1,387 sqft

Welcome to your new home! Rare Opportunity to own a Spectacular 3-Bedroom/3-Bathroom Townhome in Merrick Landing, in Windermere! Prepare to be captivated by this gorgeous, fully renovated townhome that offers not just a residence, but a lifestyle of luxury and convenience. Step inside the main area and be greeted by an inviting living space, meticulously designed for comfort and functionality. The first floor has a warm and welcoming living area, perfect for entertaining guests or simply relaxing with your loved ones. The home boasts elegant wood looking laminate floors throughout and it features a modern open floor plan that seamlessly blends living & dining areas. The kitchen is a chef's dream, featuring elegant 42" cabinets, sleek stainless-steel appliances, and Corian countertops that overlook the spacious living room, creating an open and airy atmosphere. You can enjoy lots of sunlight through the French doors in the living room with the view of a beautiful courtyard completely fenced to relax and unwind with privacy. This stunning property also offers an unattached 2-car garage with full air conditioning that can also be used as a workshop, game room or exercise room with a private entry via the courtyard. Exceptionally features 2 Master Suites, one downstairs and one upstairs, both with spacious walk-in closets and many added features and modern upgrades everywhere you look. The accompanying master baths add elegance with dual sinks, granite countertops, and luxurious glass-encased walk-in rain showers. The third bedroom also has its own well-appointed full bathroom next to the washer and dryer room that completes the lower level. Conveniently located in Windermere’s Top-Rated School Zone, this home is just minutes from Winter Garden Village, Magic Kingdom, access roads, and fine shopping and dining, ensuring an ideal blend of tranquility and accessibility. Don’t miss the opportunity to make this stunning property your own. Schedule a showing today and envision yourself living in this remarkable Windermere home!

Estimated
Seller's interest rate
2.7%
7%
Estimated
Principal & interest
$956/mo.
$1,495
You may also save up to $169,446 in total interest paid.
Listing price
$460,000

Your cash down payment
$244,851
Seller’s estimated current equity is $244,851
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $956 monthly payment

Financed
$215,148
Assumed mortgage 2.7% • Seller's rate
$215,148
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,387 sqft
Lot size
0.06 acres
Year built
2003
Type
Townhouse

Source: STELLAR #o6250789

Loan
Remaining term
26 years, 2 months
Rate
2.7%
Monthly P&I
$956
Remaining loan balance
$215,148

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Dec 22, 2024 09:00 am
Listing agent: Ernesto Cisneros (407) 683-4515
Listing provided courtesy of: ELITE REALTY ENTERPRISES LLC (407) 683-4515
Details provided by STELLAR and may not match the public record.
MLS ID: #o6250789
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$956/mo
View details