787 Star Magnolia Dr, Kissimmee, FL 34744
4 beds · 3 baths · 2,375 sqft
Welcome to Legacy Park! One of the most desirable areas in Central Florida. Only approximately 228 single-family homes, located in this beautiful gated community of tree-lined streets. Upon entering this gated community, you will be greeted by a chain of beautiful giant oak trees, followed by lakes that will make coming home each day a relaxing experience. Upon arrival, you will be greeted by this stately Florida-style modern home, with its garage to park two cars comfortably. You walk in and are greeted by a hallway that leads to the left to a bedroom and full bathroom providing privacy for your visitors if they wish to stay home. To this is added that in the lower part it has a formal hall, office room or official dining room. Continuing down the hall, you are greeted by its wide open space of living room, kitchen with island and bar plus dining room that are a pure delight for this house. The kitchen has granite countertops, elegant extra long cabinets and a large closet. And to complete the second floor, with its spacious master bedroom with its private master bathroom with walk-in closet and double sink with granite countertops and its private tub. On the other hand, there are 2 other rooms with another full bathroom. Which makes a total of 4-5 bedrooms if necessary and 3 full bathrooms, and one more room at the top WUAUU!!! You can also enjoy your backyard with a beautiful screened lanai, followed by an open patio that backs onto the golf course and with its play area and space and privacy for your evenings with family or friends. Legacy Park is highlighted by its clubhouse with pool and exclusive relaxing trail that allows you to bike or walk 1 mile and forget about the city and immerse yourself in divine nature without leaving your community. And at your exit you can find the extension of the trail that is being built around the majestic Lake Tohopekaliga to enjoy your walks or bike rides around this divine Lake. It is also close to Turnpike 244, hospitals and shopping centers. near Medical City, Neo City. 30 minutes from downtown Orlando and Disney, Universal Studios and SeaWorld. 45 minutes from the Kennedy Space Center and the beach. This property is on firm ground that does not require flood insurance. Without a doubt, a magical place that is waiting for you!!!
Source: STELLAR #s5115886
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5115886
Source: Public records
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: #s5115886
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.