925 La Salle Ave, Orlando, FL 32803
3 beds · 2 baths · 1,244 sqft
SIGNIFICANT PRICE DROP | ONGOING INCOME POTENTIAL | REASONABLE OFFERS WELCOME | ASSUMABLE MORTGAGE Live here and let the property help pay for itself! This is your chance to own an income-generating home in the highly desirable Mills50 district. Located at 925 La Salle Ave, this 3-bedroom, 2-bathroom property offers incredible flexibility for both homeowners and investors. Currently, the home is set up as a 2-bedroom, 1-bathroom main house, with a fully furnished third bedroom functioning as a successful Airbnb since 2021. With its own private entry, this Airbnb generates an average of $2,000 each month in 2024. You can continue to earn rental income or easily incorporate the space back into the main house—the choice is yours! Ideally located between Downtown Orlando, Winter Park, and Baldwin Park, this home puts you at the heart of the city’s best dining, shopping, and culture. Plus, it’s zoned for the A-rated Audubon Park K-8 school district, making it perfect for families. Recent updates include: New roof (2022) New windows (2017) New fence (2021) Upgraded electric panel (2020) Mini-split air conditioner (2021) And rest easy knowing the home remained undamaged during recent hurricanes—no flooding, power outages, or tree damage. Located near a major intersection and a fire station, quick response to any issues is an added bonus. Don’t miss this incredible opportunity—live, earn, and invest in one of Orlando’s most sought-after neighborhoods!
Source: STELLAR #o6234610
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6234610
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: #o6234610
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.