11018 Hanlon Terrace Aly # Al Winter Garden, FL 34787
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About this home
Beautiful 2019 built townhome located in sought after Winding Bay Preserve. Located just 10 minutes south of Hamlin area’s shopping, dining and movie theater. Beautiful resort style amenities! Pool, playground, dog park and fitness park provide year round entertainment. The home features a first floor bedroom. Perfect for guests or in-laws. The first floor continues into the open common areas. The kitchen is nicely appointed with all stainless steel appliances, QUARTZ countertops and crisp cabinetry. The patio is a great for entertaining with pavers and central drainage for low maintenance. Upstairs there is a generous sized loft, perfect for a reading nook or lounge. The owner’s suite enjoys nice rear views of the conservation and the owners bath is also finished with quartz counters. All common areas, including living room, have 18 x 18 neutral gray tile. The seller is NOT open to Seller Financing. The seller does NOT know the age of the Roof, AC, or other systems.
Source: STELLAR #TB8395071
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.