8151 Canyon Lake Cir, Orlando, FL 32835
4 beds · 2 baths · 2,588 sqft sqft
Welcome Home to Marble Lakes, a quiet one-road community in the Lake Steer area of Orlando. Your four-bedroom two-bath pool home sits on a nearly 1/3rd acre neatly manicured corner lot and features an open floor plan with just the right touch of elegance and design. Step inside and you'll notice a well-appointed kitchen, perfect for cooking for yourself at home, or entertaining your guests. Once the work is done step into your choice of a lovely dining room at the front of the home or the breakfast nook which looks through the bay window over your gorgeous pool. But these are not your only options. You may also take the party through the triple slider to the tiled rear Florida Room, which has been enclosed and itself is fully air-conditioned. Don't stop there though, the weather is nice and you can continue entertaining in your lovely pool, which includes it's own swim-up dining table and bench. The pool is a gorgeous feature, but this privately fenced backyard also includes additional space, well-maintained landscaping, and even a shed for storage. Come back inside and watch a movie in your spacious living room, which includes a wood-burning coquina fireplace. It's now time to turn in for the evening, so walk over to your primary bedroom, which is large enough to include it's own bedroom sitting area or boudoir. Your guests may retire to one of your three guest rooms, one of which is the perfect spot for a home office. Come see for yourself how 8151 Canyon Lake Road checks all of your wants and needs.
Source: STELLAR #o6242825
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6242825
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: #o6242825
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.