8955 Fluffy Lie Ct, Davenport, FL 33896
3 beds · 3 baths · 2,076 sqft
Assumable FHA loan with low interest!! **Offering $5000 Seller concession**. Welcome to 8955 Fluffy Lie Court located in the burgeoning city of Davenport in the magnificent community of Champions Gate Country Club! This almost new home was built in 2021 and has had only one family living in the residence. Boasting 3 spacious bedrooms and 3 wonderful baths, everyone in the family has their own space! Now, here is where this exclusive community knocks it out of the ballpark!! The HOA includes a full membership to the GOLF AND TENNIS CLUB! Bring your sports enthusiasts, golf and tennis enthusiasts, we are sure they will fall in love with the amazing resort style amenities! This community boasts a gated entry, the lifestyle revolves around the Oasis Club and it's 14,000 square foot clubhouse. Here you will find a state of the art fitness center, movie theater, game room, tiki bar, restaurant, a LAZY river, cabanas and so much more!! But wait, there's more!! As an owner, you also have access to the Plaza, a resident only clubhouse where you will delight in another restaurant, bar, pickleball courts, 2 pools and another game room! This HOA has left nothing to chance and have included access to Oasis and Plaza, full golf and tennis membership, food credits, complete lawn care, cable, phone and internet! This wonderful home is just waiting for a new family to call it home! Seller concessions available for rate buy down! Don't miss out on this wonderful lifestyle, schedule your private showing!
Source: STELLAR #o6201222
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6201222
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: #o6201222
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.