1123 Vista Palma Way Orlando, FL 32825
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About this home
PRICE REDUCED FOR A QUICK SALE! Just a moment from Valencia College and the 408/417 Exchange, this updated home is perfect for you in many ways. Pulling up to the curb you see colorful landscaping, lush green yard, long driveway for convenient parking and great curb appeal. This home is a darling. Stepping inside, you are greeted with modern colors, new luxury vinyl plank flooring, a gorgeous kitchen to the rear, vaulted ceiling and plenty of space for lounging. The main living area is airy and bright. The remodeled kitchen includes quartz counters on white shaker-styled cabinets, deep double basin sink with a designer faucet, eye-catching pendant lights coordinated with a metal backsplash, black/stainless steel appliances, satin nickel drawer hardware and modern LED lighting. This kitchen is surely going to delight with great working space and modern beauty. The owners’ suite is located in the rear corner to provide privacy. The bedroom includes a walk-in closet and en-suite bathroom for full privacy. The three secondary bedrooms share a hall bathroom that has been updated too. All rooms include new luxury vinyl plank flooring or ceramic tile. The rear of the home hosts a very private backyard and extra-wide screened lanai perfect for enjoying Florida’s weather year round. The roof was replaced in 2019 and the A/C in 2018. In addition to major transportation routes, the house is located minutes from UCF, shopping at Waterford Lakes Town Center, major employment and healthcare centers along with outdoor activities. Call today and schedule your tour. NEW ELECTRIC SERVICE PANEL INSTALLED THURSDAY, AUGUST 21ST. DON'T FORGET TO USE THE HOMETOWN HEROES DOWN PAYMENT ASSISTANCE PROGRAM. YOU COULD POSSIBLY QUALIFY FOR $35,000 IN DOWN PAYMENT AND CLOSING COSTS ASSISTANCE. SPEAK WITH YOUR LENDER TO LEARN MORE.
Source: STELLAR #TB8405671
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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.