824 Oak Chase Dr
Orlando, FL 32828
4 beds · 3 baths · 2,543 sqft
$490,000
Get prequalifiedAbout this home
Under contract-accepting backup offers. Looking for a spacious home in a sought-after neighborhood? Look no further! This beautiful 4-bedroom, 3-bathroom residence in Waterford Chase offers the perfect blend of comfort and convenience. Step inside and be greeted by an open floor plan featuring vaulted ceilings and an abundance of natural light. The freshly painted interior and brand new carpet create a warm and inviting atmosphere. The roof is only a few years old, replaced in 2018. All four bedrooms are conveniently located downstairs, providing privacy and convenience. Upstairs, you'll find a large bonus room, perfect for a home office, playroom, or even a second family room. The kitchen is a chef's dream, boasting granite countertops, ample cabinetry, and a breakfast bar that opens up to the family room and dinette area. Enjoy entertaining friends and family in this spacious and functional space. Outside, you'll find a fully fenced backyard, providing a private and safe outdoor oasis. One of the biggest perks of this home is the lack of rear neighbors, offering added peace and quiet. Another huge plus, the long driveway and side entrance garage. Living in Waterford Chase means enjoying the benefits of the Waterford Lakes area, including proximity to the vibrant Waterford Lakes Shopping Plaza, University of Central Florida (UCF), Lockheed Martin, and major highways like the 408. Plus, you're just a 45-minute drive away from Florida's beautiful beaches, making it easy to escape for a day of sun and fun. Schedule a private showing today!
Source: STELLAR #o6247605
Neighborhood
FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.