6872 Compass Ct, Orlando, FL 32810
2 beds · 2 baths · 1,254 sqft
Under contract-accepting backup offers. Move-in ready ranch perfect if you love to entertain and enjoy the outdoors year-round. This 2 bedroom 2 bath home is in a central Orlando location just North and within minutes from Maitland, Altamonte Springs, College Park and Downtown Orlando. This well-maintained property offers NO HOA, NEW ROOF 2021, and energy-saving solar panels for low electric bills that are completely PAID OFF! From the moment you arrive, the home’s inviting curb appeal sets the tone. Inside NEW luxury vinyl plank flooring was installed in 2023 in the living and bedrooms. The light and bright living room offers vaulted ceilings and a large picture window overlooking the shady front yard. A guest bedroom is just off the living room along with the guest bathroom which features a shower/tub combo. The primary suite overlooks the backyard and offers an attached bathroom with a walk-in shower and plenty of closet space. The center of the home is a large kitchen with plenty of room to add a table or island, a closet pantry, and NEW stainless steel appliances. The indoor laundry room is HUGE with plenty of room for storage and a mudroom area just off the attached oversized one-car garage. The back of the house offers another family room space with a 23x12 Air-conditioned Florida Room. Perfect for lounging and watching TV or playing games. Step out back to enjoy the backyard with a stunning 24x12 pavilion, featuring skylights and vaulted ceilings with string lights creating the ultimate outdoor escape—perfect for a hot tub, grilling, and unwinding with friends. The fully fenced backyard is a private sanctuary, with ample space for a garden, pets, or simply relaxing in your personal oasis. With a super central location and easy access to major highways, this is affordable living at its best! Schedule your showing today—this rare find won’t last long!
Source: STELLAR #O6287476
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6287476
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 of Equal Opportunity Act.