671 Carey Way, Orlando, FL 32825
3 beds · 2 baths · 1,780 sqft sqft
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.
Source: STELLAR #o6237767
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6237767
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #o6237767
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.