8654 NICOLEWOOD CT, Orlando, FL 32836
Nestled on a cul-de-sac in sought-after Bay Vista Estates, this stunning single-story home offers everything you could wish for, including access to a picturesque lake. This residence features a split floor plan with four bedrooms, three baths and 2,653 square feet of living space, including a family room, living room and dining room. Additional highlights include a two-car garage and a refreshing saltwater pool. No carpeting. The well-appointed kitchen opens to the family room with wood-burning fireplace and sliding doors to expansive patio and outdoor pool. The kitchen includes a bar, plenty of cabinetry, pantry, under-cabinet lighting and breakfast area. The primary suite is privately situated, offering a retreat-like atmosphere. It features a spacious walk-in closet, dual vanities, a soothing tub for relaxation and a separate shower. The home also includes three additional bedrooms and two full baths, providing ample space for family and guests. The sparkling saltwater pool and partially brick-fenced backyard provide plenty of areas to enjoy the outdoors. Enjoy alfresco dining on the screened-in covered patio while hosting the ideal pool party. Interior laundry room is just off the garage and kitchen. Residents of Bay Vista Estates enjoy low HOA dues of $400 a year, a private community boat ramp with access to Little Sand Lake, two lighted tennis courts, a basketball court and a picnic area. Conveniently near top-rated schools, premier shopping, dining and entertainment options along Sand Lake Road. Close proximity to major attractions like Disney, Universal and Sea World. 2018 roof. 2023 water heater. Two air-conditioning units in 2022 and 2013. Call today for a showing to make this wonderful property yours!
You may be able to put down less than the total down payment amount of $273,542 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: #o6237678