1872 Biscayne Dr Winter Park, FL 32789
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About this home
Don’t miss this rare opportunity to own a professionally landscaped, beautifully maintained home in Winter Park, perfect as a primary residence or a smart investment property! This 1950s bungalow seamlessly blends modern convenience with the historic charm of Winter Park. This light-filled 2-bedroom, 1-bath home features a bonus room, ideal as an office or a dining area. It offers original wood flooring with tile in the kitchen and bath and plantation shutters throughout. The eat-in kitchen boasts a full accompaniment of stainless-steel appliances as well as ample cabinet space. Recent updates include a 2018 roof, 2018 windows, 2018 A/C, 2019 septic system and 2019 rear sliding doors; providing added peace of mind. Step outside to a spacious, fully fenced backyard, ideal for entertaining and relaxing. Choose to expand or add future improvements with this sizable lot. The oversized driveway provides generous off-street parking, adding to the home’s convenience. Nestled in a desirable, well-established neighborhood with easy access to I4, shopping, and dining on Park Avenue; this property combines vintage appeal, modern functionality, and a prime location. Whether you're looking to move right in or add to your portfolio, this one won’t last long!
Source: STELLAR #NS1086064
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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.