12419 Cape Sound Cv Orlando, FL 32825
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About this home
It's a spacious and well-maintained 4-bedroom, 2-bathroom home located in a prime area, offering a blend of comfort and convenience that I think you'll appreciate. This charming home features tile flooring throughout, creating a clean and contemporary ambiance. The heart of the home, the kitchen, is quite spacious and features solid wood cabinets complemented by elegant granite countertops, making it a perfect space for cooking and entertaining. Adding to its appeal, the roof was replaced in 2018, and the AC unit in 2022, which is diligently maintained every six months, ensuring comfort and peace of mind. The home also offers wheelchair accessibility for added convenience. One of the significant advantages of this location is its excellent access to major highways, with both the 408 and 417 just minutes away, making commutes and travel incredibly easy. The fully fenced backyard offers a private oasis, perfect for barbecues and outdoor entertaining, and features mature mango, avocado, and lemon trees. Furthermore, the home is situated near Waterford Lakes Town Center, ensuring that you're just a stone's throw away from a wide array of shopping, dining, and entertainment options. The community itself also provides fantastic amenities for residents, including a refreshing swimming pool, a volleyball court, and multiple playgrounds, adding even more value and enjoyment to living here.
Source: STELLAR #O6329172
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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.