116 Fleming Ln Davenport, FL 33837
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About this home
One or more photo(s) has been virtually staged. Corner lot RidgeDale 2/2/Den model has solid-surface floors, granite countertops, well for irrigation and several replacement windows, located 0.2 miles from High Vista private clubhouse and amenities center. Under roof front entry has an overhead domed transom window and full-view storm door with self-storing screen, leading to a bright open central great room with 12 FT ceilings and a wall of patio doors to the north-facing screened lanai. Granite countertops, subway tile backsplash and newly painted cabinets in eat-in kitchen with vaulted ceiling, stainless-steel appliances, built-in desk, large pantry and built-in closet. Cathedral ceiling in en suite primary bedroom with 2 walk-in closets and french door to lanai. Den, with double-door entry from Great Room, is nestled between primary and guest bedrooms. Newer interior paint, hardware, electrical outlets, smoke detectors, some ceiling lights & fans. Corridor access laundry has washer & dryer, storage closet and utility sink. Garage has epoxy floor, reinforced garage door with keypad entry, freestanding and overhead shelving. Water heater replaced 2025. Roof recently inspected. HVAC replaced 2011; HVAC condenser fan motor replaced 2025. Sold As-Is. Ridgewood Lakes is a golf cart friendly community. $230 monthly High Vista HOA fee includes Spectrum internet and basic cable TV with 2 cable boxes, lawn mowing and exclusive access to resident-owned 12,000 SF private High Vista clubhouse and amenities. $425 semi-annual Ridgewood Lakes HOA fee provides 24x7 staffed security gate and master association-owned private road maintenance. Adjacent to 18-hole White Heron Golf Club with The Nest restaurant, privately owned and open to the public. High Vista is a 55+ community with outdoor heated pool and spa, fitness center, library, pub & many organized activities. Pickle ball, tennis, bocce and shuffleboard courts. Miles of biking and walking trails within Ridgewood Lakes gated community. Shopping, Disney, Universal, Orlando & Central FL entertainment nearby, easy access to I-4, medical facilities, airports & Sunrail Station. Advent Health hospital is 3 miles away.
Source: STELLAR #S5135608
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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.
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