12337 Greco Dr Orlando, FL 32824
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About this home
One or more photo(s) has been virtually staged. Welcome home to this spacious 5-bedroom, 2-bathroom residence in the heart of Southchase! This home offers an excellent location and solid bones but is ready for the right buyer to bring their vision and add personal touches to make it truly shine. The thoughtful split floor plan provides both functionality and privacy for the whole family, complemented by an open-concept layout that seamlessly connects the living, dining, and kitchen areas-perfect for everyday living and entertaining. Step inside to find brand new luxury vinyl flooring throughout and a newly renovated 2024 kitchen featuring sleek quartz countertops, stainless steel appliances, and ample cabinetry for all your culinary needs. A bonus living room with a cozy fireplace adds warmth and character, creating the ideal space to unwind after a long day. The primary bedroom features two walk-in closets for plenty of storage and organization. Major components have also been updated, including a brand new roof 2025, AC 8/22/2011, and a hot water heater 1.5 years old, offering peace of mind for years to come. Outside, enjoy a fully fenced backyard a blank canvas for your dream outdoor space, whether it's a garden, play area, or a spot for entertaining. With its great location near shopping, dining, major highways, and top-rated schools, this home is filled with potential and just waiting for the right buyer to make it their own.
Source: STELLAR #O6355956
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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.