7517 LAUREATE BLVD # 4403, Orlando, FL 32827
This home can be purchased with an assumable mortgage at an interest rate of just 2.99%! Welcome to Gatherings of Lake Nona, a vibrant 55+ Active Adult condo community in Orlando. This 2-bedroom, 2-bathroom condominium on the fourth floor offers both convenience and luxury. With elevator access and a rare ADA-compliant 1-car garage—one of only two in the building—this unit features a spacious living room and formal dining area, perfect for hosting gatherings. The kitchen is a chef's dream, featuring stainless steel Whirlpool appliances, Quartz countertops, 42" cabinets with crown molding, and a breakfast area. Step out onto your covered balcony to enjoy stunning views of the surrounding area. The Master Suite is designed for comfort and functionality, boasting two closets, a spa-inspired semi-frameless glass shower with a seat, dual vanity sinks with quartz counters, and a linen closet. The secondary bedroom also features a walk-in closet, offering ample storage space. Gatherings of Lake Nona is not just a place to live; it's a lifestyle. Enjoy resort-style amenities such as a fitness center, swimming pool, bocce and pickleball courts, lakeside walking paths, outdoor exercise area, clubhouse with indoor and outdoor entertainment areas, dog park, and fire pits. Conveniently located near Orlando Intl Airport, Lake Nona Medical City, and Hwy 417, this community offers easy access to everything you need. Plus, the HOA covers cable, high-speed internet, dwelling insurance, exterior pest control, grounds maintenance, lawn care, 24-hour elevator access, secure entry, window cleaning, building maintenance, amenities, and association management. Experience maintenance-free living at its finest in Gatherings of Lake Nona. Schedule your tour today and embrace the active adult lifestyle you deserve!
You may be able to put down less than the total down payment amount of $132,088 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: #o6201711
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.