8955 FLUFFY LIE CT, Davenport, FL 33896
Assumable FHA loan with low interest!! **Buyer concessions will be considered if submitted with an offer**. 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!
You may be able to put down less than the total down payment amount of $95,955 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: #o6201222