INFORMATION IS NOT AVAILABLE, Orlando, FL 32899
Welcome to your dream home in Hampton Lakes at River Hall! This exquisite single-story residence offers an unparalleled living experience with stunning pond and preserve views. Boasting 4 bedrooms, 3 full bathrooms, and a spacious 2-car attached garage, this home is designed for comfort and elegance. Step inside to discover a beautifully appointed kitchen featuring granite countertops, stainless steel appliances, a central island, and ample cabinetry. The open floor plan is accentuated by tile flooring in all main living areas and an abundance of natural sunlight throughout. The primary suite is a luxurious retreat, offering a generously sized bedroom, an ensuite bathroom with dual sinks, a separate shower, and a relaxing bathtub. Enjoy the serene pond and preserve views from your screened-in lanai and open patio, both overlooking the fenced-in yard, which has room for a pool—ideal for outdoor entertaining and relaxation. Situated on a quiet cul-de-sac, this home offers privacy and tranquility. Hampton Lakes at River Hall is a gated community that provides an array of amenities, including a clubhouse, an Olympic-style pool, a fitness center, and courts for tennis, basketball, bocce ball, and pickleball. An optional golf membership grants access to a pristine 18-hole golf course. Conveniently located minutes away from shopping, schools, restaurants, and a variety of outdoor activities, this home offers the best of Southwest Florida living. Don't miss the opportunity to make this gorgeous home with its impeccable landscaping your own.
You may be able to put down less than the total down payment amount of $192,556 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: #c7495019