860 N Orange Ave Apt 318 # 318, Orlando, FL 32801
2 beds · 2 baths · 953 sqft
This condominium, which includes 3 deeded parking spaces, is located in the heart of Downtown Orlando. It features 2 spacious bedrooms with walk-in closets and 2 full bathrooms. The kitchen was recently renovated in December 2024, and the unit has wood flooring.full unit painting and more .Electronic lock at entrance door .Additionally, it offers an incredible corner view with floor-to-ceiling windows. The highly sought-after building includes: • 2 swimming pools. • 2 fitness centers. • Business room and loft. • Security cameras. • 2 dog parks within the building. 3 Garage spots assigned by deed to this property plus 1 guest parking spot. This is a truly unique place, a real gem in the heart of the city. Just steps away, you’ll find gourmet restaurants across the street. The building, Park North at Cheney Place, has been recently renovated, features elevators, and offers an exclusive design with only 4 floors. intercom that calls directly to the owner/resident. The building is located to minutes from Lake Eola, Dr Phillips Center for the Performing Arts, and KIA center, Central to highways such as I-4 for easy commute including: Expressway SR 408, State Road 528, and Florida's Turnpike. This central location is close to attraction destinations like Walt Disney World, International Drive and Universal Studios and many more.
Source: STELLAR #O6286138
Financials
Source: STELLAR #O6286138
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.