2053 Nobscot Pl Apopka, FL 32703
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About this home
MOTIVATED SELLERS!! This updated 4 bedroom, 3 bathroom home offers a fresh and inviting atmosphere nestled in a wonderful neighborhood to call home. This two-story home is beaming with natural light and blinds throughout for privacy. Step inside and you will discover a formal dining area/flex space to your left, and a formal living room/flex space to your right. A bit further in you will find a large open-concept kitchen and family room, as well as a first-floor bedroom and full bathroom, offering convenience and comfort for guests and suitability for multi-generational living. The spacious granite kitchen boasts a breakfast bar and island, ample counter space and cabinetry, a dinette eating area, and seamlessly flows into the large family room for effortless entertaining. Step through double French doors onto the covered patio and the 500sf deck, perfect for entertaining and outdoor gatherings, with additional backyard space and a rear entry attached two-car garage. Located near SR 429 and SR 414, you will find it to be an efficient commute to all metro Orlando areas and beyond, and you will be just a few minutes away from the tranquil Wekiva Springs and Kelly Parks, convenient grocery shopping, and medical services at Advent Health Apopka.
Source: STELLAR #O6250193
Loan details
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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.