9920 Long Bay Dr, Orlando, FL 32832
4 beds · 3 baths · 2,669 sqft sqft
Gated Executive Two-Story Home with 4 Bedrooms 2.5 Bathrooms + Fenced in Backyard with 2,650+ square feet of living space in the Highly Desirable Lake Nona community of North Shore at Lake Hart in the Heron Point neighborhood. Water Heater 2021, AC 2018, ROOF 2016. New Landscaping & Sod complete the beautiful landscaping as you walk up to the home. Stepping inside you are met with soaring ceilings and plenty of natural light with a view of the staircase and Formal Living and Dining Room highlighted by a Bay Window at the front of the home. The kitchen is complete with large cabinets topped with crown, an island, and stainless steel appliances. The bar top seating opens to the large great room with glass slider access to the backyard patio. Downstairs there is a hallway that leads past the guest bathroom and laundry room and leads to the downstairs bedroom perfect as a guest area or home office! The stairs lead up to a landing where there are double doors leading to the very spacious primary bedroom with a tray ceiling and a very large walk in closet that has a full closet storage system including countertop space. The primary bathroom is complete with a dual vanity, walk in shower and garden tub. The upstairs is a split plan with the other two bedrooms being separated by the full bathroom. The backyard has a vinyl fence with a large patio space and fire pit for entertaining guests! North Shore at Lake Hart has the North Shore Golf Club, a public course with two “modern” and “classic” nine-hole courses that converge to make a par 72 18-hole course. Amenities include a community pool, basketball and tennis courts, baseball field, play area, and a well-appointed fitness center. The community is served by highly rated Moss Lake Elementary, Lake Nona Middle, Lake Nona High Schools. Make an appointment to see this home today!
Source: STELLAR #o6238846
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6238846
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: #o6238846
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.