8465 Oak Bluff Dr, Orlando, FL 32827
3 beds · 2 baths · 1,431 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Location Locations! Price Reduce Alert! Welcome to this charming and meticulously 3-bedroom, 2-bathroom home in the desirable Villages of Southport community. As you enter, you’re greeted by a spacious formal dining area that seamlessly flows into an open layout, perfect for modern living. The living area features sliding glass doors that lead to an expansive covered lanai, newly remodeled with windows to serve as a versatile great room or playroom. This space connects to a gazebo area, ideal for outdoor gatherings and relaxation; This outdoors area perfect for enjoying sunrise moments. The semi-private kitchen boasts new cabinetry, a stylish backsplash, and pristine quartz countertops. Designed to maximize natural light, the kitchen offers a sink with outdoor views and an adjacent laundry area accommodating side-by-side appliances. Retreat to the master suite, complete with a walk-in closet and a en-suite bathroom featuring a granite-topped vanity, walk-in shower. This home is built with durable block and stucco construction and has been meticulously maintained. Recent upgrades include a new roof in 2018, a new water proof flooring in all social areas, some new windows in the lanai, all interior doors replaced two years ago, new molding, new baseboards, solar panels, and a washer and dryer. Conveniently located near major highways (417, I-4, International Drive, and 528), this property is a commuter’s dream. The Villages of Southport is a well-established community close to Lake Nona, offering access to a good school district, charter schools, parks, and a baseball practice field. Enjoy nearby restaurants, supermarkets, banks, and several malls just minutes away. Forget the hassle! The HOA covers your roof, exterior painting, cable, and even lawn maintenance. Living here means total peace of mind!” Don’t miss the opportunity to make this beautiful home yours!
Source: STELLAR #O6272472
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6272472
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.