671 CAREY WAY, Orlando, FL 32825
Discover your dream home in the exclusive gated community of Lake Kehoe Preserve! This charming 3-bedroom, 2-bathroom home features an open and well-thought-out layout that maximizes every inch of space. With wood-look tile flooring in the main areas, tile in the wet areas, and neutral carpet in the bedrooms, this home beautifully blends style with comfort.The spacious kitchen overlooks the large living room, which opens through French doors to a cozy covered patio and a screened-in pool—perfect for enjoying the Florida weather. Additionally, there are separate spaces for formal dining and living, providing multiple areas to entertain your guests.The primary bedroom is a peaceful retreat with newly installed neutral carpet and sliding glass doors that lead directly to the pool area. The en-suite bathroom features a double vanity, a large soaking tub for relaxation, a separate shower, and a private toilet area, along with a spacious walk-in closet.On the opposite side of the home, you'll find the other two bedrooms, along with a second full bathroom that includes a shower/tub combo and a linen closet. The indoor-outdoor living experience is enhanced by doors that open to the stunning backyard oasis, where the pool and covered patio create an ideal space for relaxation, with total privacy thanks to the wooded conservation area behind the home.Located in a prime area, this home is close to highways 408 and 417, as well as Waterford Lakes Mall, which offers a variety of shopping and dining options. Additional features and upgrades include ceiling fans throughout the home, two-inch blinds, a brand-new roof completed in March 2022.
You may be able to put down less than the total down payment amount of $115,821 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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: #o6237767