140 Highland Meadows St Davenport, FL 33837
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About this home
PRICE IMPROVEMENT!! **SELLERS HIGHLY MOTIVATED AND OFFERING 5K IN CONCESSIONS!!** Welcome to this beautifully updated 3-bedroom, 2-bathroom home in the peaceful Highland Meadows community of Davenport. Perfect for first-time homebuyers or anyone looking to downsize, this move-in-ready home combines comfort, function, and style. Step inside to find gorgeous new tile flooring throughout—no carpet in sight! The open-concept layout offers a bright and airy living space ideal for relaxing or entertaining. The kitchen features sleek new appliances and flows seamlessly into the dining and living areas. Both bathrooms have been thoughtfully renovated with modern finishes, and the bedrooms are perfectly sized with plenty of natural light. The primary suite includes a walk-in closet and a beautifully appointed en-suite bath with a soaking tub. Outside there's a patio and an oversized, fully fenced backyard to enjoy —perfect for weekend barbecues, pets, or simply unwinding in privacy. **As an Added Bonus: This home offers an assumable loan—an excellent opportunity to lock in a potentially lower interest rate to save hundreds!!!** You also may be eligible for grants to purchase this property! Located in a quiet, established neighborhood with low HOA and easy access to I-4, Posner Park, and area attractions, this home offers the perfect balance of tranquility and convenience. Don’t miss your opportunity to make it yours—schedule your showing today!
Source: STELLAR #O6306294
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Close stress-free in 45 days, handled start to finish by Roam.
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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.