8650 LOVETT AVE, Orlando, FL 32832
Welcome to this stunning, well maintained 4 bedroom, 3 bathroom home. Featuring a first-floor bedroom and bathroom in an open concept M/I home located in the sought-after Randal Park community. Situated on a professionally landscaped oversized corner lot it offers abundant natural light, custom paint, stylish finishes and a layout that provides both comfort and functionality. This home is Energy Star 3.1 certified with energy saving features such as Insulated block walls, Radiant Roof barrier, R-38 insulation, Low-E double pane windows, 3-zone 18 SEER variable speed heat pump, Hybrid water heater and owned Solar Power system, which makes it affordable to operate. The kitchen boasts 42” Maple Espresso cabinets, granite counters, spacious walk-in pantry and Samsung Energy Star appliances including Induction/Convection range and 4-door refrigerator with internet and tablet display. The spacious laundry room also includes a utility sink, Samsung front load washer and dryer and 42” cabinets. Enjoy the convenience of a low maintenance fenced backyard with pet artificial turf just off the covered patio lanai, ideal for outdoor entertaining or simply enjoying a peaceful afternoon. Located on the second floor is a split plan 3 bedrooms and loft with private tiled balconies off the front bedroom and Primary bedroom. The Primary bedroom features a tray ceiling, large En-Suite bathroom with large walk-in closet, water closet and separate tub and walk-in shower. 18” “Tibet” tile in great room and wet areas and Shaw Oak flooring in bedrooms, loft and stairs. This home also comes with an owned whole-house water softener system and Level 2 EV charger. Includes 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. Conveniently located with easy access to 417, 528 and Narcoossee Rd. just minutes away. Sun Blaze elementary school and Orlando Health hospital are located 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)
You may be able to put down less than the total down payment amount of $357,074 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6236794