1623 Aspen Ave Davenport, FL 33837
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About this home
WHY WAIT FOR NEW CONSTRUCTION? This 4/2/2 is in pristine condition, close to community amenities for your enjoyment! Located close to Highway 27 and I4, this location is ideal for commute to Tampa, Orlando, Clermont, making it ideal for visiting Central Florida’s theme parks. Upon entering, you will note the spacious corridor that draws you in. Tile flooring adorns the common areas of this home, ideal for keeping her clean. The spacious rooms are arranged in a split floor plan, which permits you to reimagine their use - office, crafts, or the original intent for bedrooms. Onto the open kitchen, dining, and living area, you will be greeted by natural light from the windows, spacious kitchen with large closet pantry. The stainless steel appliances, quartz countertops, and oversized sink add to the functionality of this open space, ideal for entertaining. Moving towards the owners suite, you will be amazed by the oversized en suite and closet with plenty of room for YOUR wardrobe. Venture outdoors, where the covered lanai awaits. A new vinyl fence secures the perimeter of the yard. This GEM is waiting for you - don't delay!
Source: STELLAR #L4954814
Loan details
Neighborhood
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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.