924 Rivecon Ave, Orlando, FL 32825
3 beds · 2 baths · 1,419 sqft
**This property qualifies for a closing cost credit up to $2,900 through the Seller’s preferred lender.** Welcome home to this charming 3-bedroom, 2-bathroom home located in the highly desirable Winding Creek community of East Orlando! Step inside to find roaring ceilings and beautiful light laminate flooring flowing seamlessly throughout. The kitchen at the front of the home features stainless steel appliances, black granite countertops, and additional eat in space tucked up by the window. The open concept layout offers the dining room leading into the spacious living room with sliding glass doors at the back of the home. Down the hallway are the 3 bedrooms and bathrooms with the primary retreat at the back. This amazing space features sliding glass doors looking out to the exterior patio with an immaculate updated ensuite. The walk-in open shower offers 2 shower heads on either side with the double sink vanity with black accents throughout. Step out back to the screened patio overlooking the fully fenced backyard. Conveniently located just minutes from Publix, Aldi, Starbucks, and Waterford Lakes shopping center, as well as major highways 417 and 408. It’s a short 15-minute drive to MCO airport, Lake Nona medical city, Avalon, Downtown Orlando, UCF, and Valencia College, and only 30 minutes to Disney. Schedule your private showing today!
Source: STELLAR #o6259449
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6259449
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: #o6259449
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.