VA loan
1 of 42
VA loan
$700,000

7396 Vista Park Blvd, Orlando, FL 32829

4 beds · 4 baths · 3,313 sqft sqft

BELLS AND WHISTLES GALORE in this model perfect home with an open floor plan made easy for a family that loves to entertain. An over abundance of upgrades in this exquisite 5 bedroom, 4 bathroom plus a large bonus with a 3 car garage. Designer touches and quality finishes throughout this spacious estate offering 3,313 square feet and copious storage. A corner lot and an oversized paver driveway and walkways with pretty landscaping welcome you to your new chapter of serenity. From the moment you enter the front porch and double doors you feel right at home. As you enter the foyer you will notice the soaring ceilings as well as high-end finishes and custom details that you deserve. The gourmet kitchen is the heart of the home and delivers function and good looks with granite countertops, stainless steel appliances, impressive 42" cabinetry and a sparkling backsplash, a wine rack, plenty of pantry space and a nicely sized kitchen nook. The large family room opens to the kitchen and is light and bright due to the windows overlooking the nicely sized fenced in yard. The gorgeous master suite has a decorative tray ceiling, plenty of bright windows and radiates a feeling of relaxation. The master bathroom offers dual vanities, a spacious master shower with a luxurious soaking tub and two customized walk-in closets. The additional bonus room is located on the second floor and is generously sized with its own private bathroom. The backyard boasts a truly spectacular covered porch. Come and enjoy all the luxuries this dream home has. Features include; a paver driveway, plantation shutters, upgraded ceramic tile, volume ceilings, epoxy coated flooring in the garage, tray ceilings, an upgraded Ecobbee air conditioning system and custom curtains and drapes. You will fall in love with this home and the amazing neighborhood located centrally and in the gated community of Vista Lakes. The community offers awesome amenities such as; walking trails, a resort style pool with a separate kiddy pool and an excellent fitness center. There are also plenty of opportunities for sports fans with tennis courts and fields for baseball and soccer. A simply stunning home built with all of the luxuries of life!

Interest rate 3
5.1%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$3,366
With Roam
$3,887
Reduce your monthly payments by $521 when you assume this mortgage.
You also save $173,091 in total interest paid.

$101,695
Edit

You may be able to put down less than the total down payment amount of $101,695 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

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.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
3,313 sqft
Lot size
0.24 acres
Year built
2005
Type
Single Family Residence

Source: STELLAR #o6242859

Loan
Remaining term
27 years, 8 months
Rate
5.1%
Monthly P&I
$3,366
Remaining loan balance
$598,304

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.

Will an assumption work for me?

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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?

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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.

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Last updated: Oct 22, 2024 10:22 am
Listing agent: Sharon Mikol (407) 963-3679
Listing provided courtesy of: MAINFRAME REAL ESTATE (407) 513-4257
Details provided by STELLAR and may not match the public record.
MLS ID: #o6242859
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 45 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.
$3,366/mo
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