820 Spring Oak Cir, Orlando, FL 32828
5 beds · 4 baths · 2,914 sqft sqft
Discover the essence of luxury living at 820 Spring Oak Circle in Orlando. This fully upgraded Toll Brothers pool home is nestled on a premium pond-front lot, offering peaceful water and conservation views. The spacious layout offers 2,914 square feet of living space with 5-bedrooms and 3.5-bathrooms along with a downstairs primary suite, a formal living/dining combination, and a gourmet kitchen with beautiful finishes open to the family room which boasts expansive, 21-foot ceilings with big windows creating a warm and inviting atmosphere throughout the home. With hardwood floors and tile throughout, a custom, screened pool with a waterfall, and a built-in home sound, this residence is designed for both comfort and entertainment. Some upgrades completed in 2023 include a new roof, new wood flooring in the primary bedroom, two new HVAC capacitors and kick start. In addition, 2024 has seen fresh interior paint, a new HVAC motor for the upstairs systems, four new faucets, a new refrigerator, all rear window seals replaced, and just recently in August 2024 a full home electrical inspection was completed/passed, as well as further updates/maintenance completed on the HVAC System. Solar Panels were also installed in 2022 drastically reducing the sellers monthly electric bill (seller plans to pay off at closing). Located in the gated River Oaks community, you’re less than 10 minutes from shopping, dining, local schools, and recreation activities; and less than 45-minutes from the beach and many offerings across Central Florida, making it the perfect blend of elegance and convenience.
Source: STELLAR #o6226443
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6226443
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: #o6226443
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.