8650 Lovett Ave, Orlando, FL 32832
4 beds · 3 baths · 2,517 sqft sqft
Welcome to this updated, Energy Efficient 4-bedroom, 3- bathroom M/I home in the sought-after Randal Park community in Lake Nona. As you enter, you are greeted with an open concept floor plan full of Natural Light in a generous 2,517 SqFt of living space with a layout that provides both comfort and functionality. The modern kitchen features 42” Maple Espresso cabinets, granite countertops, a custom backsplash, and updated Samsung Energy Star appliances, all centered around a spacious island perfect for entertaining. Downstairs features a guest bedroom and full bathroom perfect for guests. The newer wood flooring extends to the second floor Split Plan where the primary suite boasts a spacious layout and an en-suite bathroom with dual sinks, a soaking tub, and a separate shower along with a private balcony oasis. Three additional bedrooms and a versatile loft space complete the second floor, with a second balcony providing even more outdoor living options. Energy-saving features such as an Owned solar power system, Level 2 EV charger, updated systems, and additional insulation make this home affordable to operate. The low-maintenance fenced backyard with pet-friendly artificial turf and covered patio lanai is perfect for outdoor relaxation. Additional highlights include a spacious laundry room with premium appliances, Owned whole-house water softener, wood flooring, and a 30-year transferable structural warranty. Randal Park is a beautiful community situated in a tranquil conservation area and offers residents a wealth of amenities including miles of walking/biking trails, community pool, splash pad, several parks with one specifically for dogs all for a very low HOA fee. Only a few blocks from the clubhouse, pool, splash pad and fitness center, as well as a large green space, playground, and dog park. Conveniently located with easy access to 417, 528 and Narcoossee Rd. just minutes away. Sun Blaze elementary school and Orlando Health hospital are adjacent to the community. Close to entertainment options, dining and shopping with a new Publix 1.5 miles away. This home offers a perfect blend of style, comfort, and sustainability within a desirable community setting. Schedule your showing today and make your dream lifestyle a reality! (See attached Features Sheet)
Source: STELLAR #o6236794
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6236794
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: #o6236794
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.