869 Orchid Grove Blvd, Davenport, FL 33837
3 beds · 2 baths · 1,438 sqft
Welcome to your dream home! This stunning and modern property is the epitome of style, comfort, and convenience. As you step onto the front porch, you'll immediately notice the newly installed pavers, setting the tone for the quality and attention to detail that awaits inside. The living room boasts a striking deco wall and updated lighting, creating the perfect ambiance for relaxing or entertaining. The kitchen is a chef's delight, featuring a gorgeous backsplash, new flooring that flows seamlessly into the living and dining areas, and enhanced lighting to illuminate every meal and gathering. The updates continue throughout, including a convenient laundry sink in the laundry room, a garbage disposal, and a state-of-the-art pest control system that discreetly delivers protection directly into the walls. Outside, permanent holiday lighting ensures your home is beautifully lit for every season, adding a festive touch all year round. Location is everything, and this home offers easy access to the I-4 expressway, making commutes a breeze. You’ll be just minutes from world-class Disney parks, top-tier medical facilities, and a variety of shopping and dining options. Plus, the community pool and park are perfect for enjoying the Florida sunshine and connecting with neighbors. With beautiful flooring throughout the kitchen, living room, and dining areas, this home is move-in ready with nothing left to do but enjoy. Don’t miss the opportunity to make this exquisite, modern home yours—schedule your tour today!
Source: STELLAR #o6232743
Source: STELLAR #o6232743
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: #o6232743
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.