746 Baltimore Dr, Orlando, FL 32810
3 beds · 2 baths · 1,535 sqft
Under contract-accepting backup offers. Welcome to your dream home in the heart of Orlando! This charming single-family residence boasts 3 spacious bedrooms and 2 full bathrooms within 1,535 square feet of beautifully designed living space. As you step inside, you'll immediately be captivated by the open living space that flows seamlessly throughout. The heart of this home is undoubtedly the updated kitchen, featuring elegant granite countertops that provide ample workspace for all your culinary adventures. The open layout ensures a perfect flow between the kitchen and living areas, making it an ideal setting for family gatherings or entertaining friends. Abundant natural light floods the space through large windows, creating a warm and inviting atmosphere that feels both cozy and expansive. With an HVAC system installed in 2018, you can enjoy year-round climate control, ensuring a comfortable environment no matter the season. While the updated plumbing featuring PEX installed in 2018 enhances the home's efficiency and reliability. These thoughtful updates reflect the care and attention that have gone into maintaining this property, allowing you to move in worry-free and focus on making it your own. Outside, you'll find a newly installed vinyl fence that offers privacy and security, complementing the beautifully landscaped yard that invites you to enjoy the Florida sunshine. Whether you’re hosting a barbecue on the patio or relaxing in your serene outdoor oasis, this home provides the perfect backdrop for your Florida lifestyle. Don't miss the chance to make this stunning property your own!
Source: STELLAR #o6245056
Source: STELLAR #o6245056
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: #o6245056
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.