701 VIRTUOSO LN # 81, Orlando, FL 32824
Location! Location! Location! Jackson Park Community is a highly sought neighborhood which is a gated community, pet-friendly, small neighborhood of Condos, located right in the heart of Central Florida-South Orlando. This particular home is a corner unit, that allows the outside natural lighting inside the property adding a nice touch to it's contemporary elegant interior in which is yet warm & cozy. The instant you walk through your front door, you're greeted with an expansive Open Concept with soaring ceilings, where the living room room, dining and kitchen areas seamlessly blend together which is the perfect entertaining space for all your gatherings. This Open floor plan is the largest one built by the Developer and the square footage was appointed in the areas where it matters the most the Kitchen, Living Room & Bedrooms areas! This corner lot home has been immaculately kept by it's owner. This modern open floor plan kitchen has plenty of cabinet and pantry storage space for all your needs. Once you arrive home from work or play you can enjoy your covered & screened in lanai with sliding glass doors that open all the way so you can have both your indoor and outdoor areas combined. There's a half bath located on this first level, for all your guests needs, located directly off the kitchen and garage door area. As you go up to the second level, you'll find all of the bedrooms, and two full bathrooms . The master suite is truly a private sanctuary that is large enough to accommodate a couch and or seating area if preferred. The master en-suite is a tranquil retreat with modern finishes & fixtures. The laundry closet is conveniently located outside the master suite, with high efficiency washer and dryer. The remaining two bedrooms are both generously sized sharing a very spacious, full sized bathroom with double sinks. The second bedroom has a door directly to the upstairs bathroom. The community is very well maintained by the COA, the amenities such as a pool with bathrooms, playground and outdoor recreational areas for your family pets. The location of this community doesn't get any better, being minutes from all major highways, ONLY 10 minutes to the Orlando Airport, 20 minutes to any of the major attractions, and a walk to the Meadow Woods brand new Sunrail Station so you can catch a ride to many of it's newly added stops between Orlando and South Florida! Priced to sell. Come and make this house your dream home!
You may be able to put down less than the total down payment amount of $156,086 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: #s5107223
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.