842 Cherry Valley Way, Orlando, FL 32828
4 beds · 3 baths · 2,595 sqft
BACK TO MARKET...Buyer financing fell through. Welcome to your new home! Discover the perfect blend of comfort and modern living in this stunning 4-bedroom, 2.5-bathroom home. This beautiful home offers ample space, a functional layout, and plenty of natural light throughout. The main floor features a seamless flow between the living room, dining area and kitchen, creating an ideal space for entertaining and everyday living. The large kitchen features an ample amount of counter space and a large breakfast bar looking to the oversized living room. Enjoy the convenience of a spacious master suite on the main level, complete with a large walk-in closet and an ensuite bathroom featuring dual sinks and a luxurious soaking tub and a separate glass-enclosed shower. Upstairs, a generous loft area provides additional flexible space, perfect for a home office, playroom, or media room. Three additional bedrooms upstairs offer plenty of room for family members or guests, each with ample closet space and access to a shared full bathroom. Solar Panels give the added benefit of little/ no electric bill!! Located in the desirable East Orlando area, and situated in a family-friendly neighborhood close to top-rated schools, parks, shopping, and dining options, this home offers both convenience and tranquility. Do not miss the opportunity to call this house, home! Call and schedule your showing today!
Source: STELLAR #o6218479
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6218479
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: #o6218479
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.