8036 Edgewood Forest Dr # 2, Orlando, FL 32827
5 beds · 4 baths · 3,505 sqft
Welcome to this exceptional 5-bedroom, 4-bathroom pool home boasting a resort-like backyard and 3,514 square feet of living space in the highly sought-after Waters Edge neighborhood. No detail has been spared in this stunning home, which features elegant tile and luxury vinyl plank flooring along with upgraded finishes, multiple living spaces, and a well-thought-out split-bedroom floor plan, creating an ideal blend of privacy and continuity for any occasion and day-to-day living. The kitchen sits at the heart of the home, seamlessly connecting the formal dining and living with the family room and backyard. Ready for many meals, the kitchen comes well-equipped with granite counters, a spacious pantry closet, 42” upper cabinets with crown molding, an island with space for seating, a garbage disposal, and stainless appliances – range, range hood microwave, dishwasher, and refrigerator. The spacious family room enjoys in-ceiling surround sound, which is great for your daily TV and music adventures or for hosting guests in style. For your personal retreat, an oversized primary suite is waiting upstairs, enjoying enough space for a sitting area, two large closets, dual single-sink vanities, a corner garden tub, and a tiled shower. Step outside to your private backyard sanctuary, a truly breathtaking oasis that provides the ultimate space for outdoor relaxation and entertainment. The custom pool, designed and built by American Pools and Spas, in addition to the pristine landscaping and large Pergola with its secret water feature, will surely occupy many of your days. Other upgrades include interior paint (2023), exterior paint (2022), a new pool pump (2022), fully paid solar heating for the pool (2023), pre-wired rear porch for a ceiling fan or light, and NEST Thermostats. The secure community of Waters Edge uses a virtual guard to ensure privacy for residents, and resides within the vibrant Northlake Park at Lake Nona, which offers residents an array of fantastic community amenities, including fiber internet access, a community pool, three tennis courts, two basketball courts, two dogs parks, playgrounds, multiple green spaces, paved walking/running trails, on-site boat parking, and motorized boat access to Lake Nona. As a bonus, Waters Edge and Lake Nona Country Club are the only communities with access to Lake Nona, and access to the YMCA is included with the HOA fee. Conveniently located just minutes from Orlando International Airport, Lake Nona's Medical City, USTA, Lake Nona Town Center, as well as top-rated schools, shopping, dining, and entertainment options, this home offers the perfect blend of luxury and convenience. Don’t miss out on the opportunity to own this excellent property! Home is prewired for security cameras.
Source: STELLAR #O6293399
Financials
Source: STELLAR #O6293399
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.