9650 Bay Pine Ln, Orlando, FL 32832
4 beds · 2 baths · 2,025 sqft
One or more photo(s) has been virtually staged. Welcome to The Wilshire! This home is perfectly seated in the gated neighborhood of Marsh Pine, within North Shore At Lake Hart. The mature landscaping, mossy oaks and palm trees swaying in the breeze welcome you towards the front door. There you enter into a foyer graced on either side with the formal dining room and formal living room areas. What a perfect spot to greet and visit with guests and host larger gatherings! Beyond the formalities, step into the passthrough kitchen, where you have plenty of space to expand the kitchen, setup a cafe’ or pub table for eat-in dining, a desk or study corner, a butcher block island or even consider a wine cabinet. Also featured are 42” wood cabinets, a closet pantry for more storage and a breakfast bar. The kitchen opens up to the large Family Room where a sliding glass door leads to the covered patio outside. This open layout Kitchen/Family Room/Patio is the heart of the home and definitely where the memories are made! And as a bonus, the high ceilings extend throughout the home. The 4 bedrooms and 2 bathrooms are split, with the Owner’s En Suite on the north end. The Owner’s Bedroom features a walk-in closet with custom shelving, while the En Suite Bathroom highlights a double vanity, large walk-in shower, separate soaking tub and private water closet. The other 3 bedrooms are found on the south end of the home. The 4th bedroom features a walk-in closet and is located across from Bathroom 2. The second bathroom has an exterior entrance that gives access from the back patio. You can find an interior laundry room from the entrance of the garage into the kitchen. Additionally, this home features a security system and ring doorbell. You are purchasing more than just a home with this beautiful 4 bedroom and 2 bathroom property. You are getting the opportunity for a true community and neighborhood. This 949 acre Master Planned Community has 8 gated neighborhoods and provides 11 acres of beautiful parks, ponds and recreation facilities. The amenities include a Community Center, fitness center, swimming pool with a separate splashpool/gated area, basketball court, tennis courts, softball field, covered playground, covered picnic area, dog park with a lending library, and a viewing dock that sits on Lake Hart, which is a 1,850 acre boat-able lake know for bass fishing, water activities and hiking trails. Want to walk to your elementary school? Moss Park Elementary School was recognized by the FL Dept of Eduction as a School of Excellence and sits just down the street within the community. If you golf, Don’t miss the North Shore Golf Club that sits within the community as well. Designed by Mike Dasher, this course features a Par 72, 18 hole course with modern and classic designs. North Shore at Lake Hart sits within the Lake Nona area. In addition to upscale living, dining and shopping, Lake Nona is also known as “Medical City” with a numerous selection of hospitals and health care facilities including the Orlando VA Medical Center, Nemours Children’s Hospital, UCF Hospital, as well as a growing number of national and international headquarters for many companies. The community sits close to public roads and toll roads providing you multiple options for the fastest route to your destination. From Disney to Cocoa Beach, this location is prime! The video will provide a walk through tour but you are encouraged to come and view this property and the community in person today!
Source: STELLAR #S5117032
Financials
Source: Public records
Source: STELLAR #S5117032
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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