801 Burr Oak Dr, Ocoee, FL 34761
3 beds · 2 baths · 2,960 sqft sqft
Are you in search of a private sanctuary to escape the chaos of city living? Do you possess a deep love for gardening? Are you yearning for a remarkable home that has been completely renovated, boasting a modern open floor plan, brand new kitchen, bathrooms, and exquisite vinyl plank flooring? Imagine having a colossal, air-conditioned Florida Room, with a convenient kitchen sink. This space is perfect for entertaining guests. And that's not all! This extraordinary home also offers a private oasis - a fenced backyard with a screened-in pool, as well as a side yard with raised garden beds, eagerly awaiting your touch to transform it into a bountiful vegetable garden. Look no further, for you have discovered your dream home! Nestled in the charming Harbour Highlands neighborhood of Ocoee, this rustic haven boasts oversized lots and majestic oak trees. It is also conveniently located just a stone's throw away from the renowned Tom West Blueberries "U-Pick" farm. Additionally, a short 1.5-mile stroll will lead you to Bill Breeze Park on Starke Lake, where the annual Ocoee Music Festival takes place. Here, you can indulge in a delightful array of festival food, exhilarating carnival rides, a captivating car show, a refreshing beer garden, and unforgettable musical performances. The sellers of this remarkable home are eager to embark on their next adventure and have priced this gem fairly for a swift sale. Don't hesitate to ask your agent for a virtual walkthrough to discover the unique features that make this home the most exceptional deal on the market right now. Noted that, the septic tank and a brand new drain field was put in which explains why the front lawn is without grass. Furthermore, a brand new water filtration system was installed ensuring peace of mind for the fortunate new owner.
Source: STELLAR #o6216088
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6216088
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: #o6216088
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.