307 Balmoral Ct Davenport, FL 33896
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About this home
Welcome to 307 Balmoral Court, a stunning oasis featuring 3 spacious bedrooms and 2 bathrooms, complemented by a dazzling screened-in pool that invites you to soak up the sun. With breathtaking water views, this home in the highly sought-after Ashley Manor community offers luxury, tranquility, and convenience. Whether you envision this as your forever home or a lucrative investment, it truly has it all—the community allows short-term rentals, making this an ideal Airbnb vacation home. Step inside to find generous living spaces that seamlessly flow into the vibrant outdoor pool deck—an entertainer's dream, perfect for hosting gatherings against the backdrop of serene pond views. Ashley Manor is a beautifully maintained neighborhood celebrated for its charm and peaceful ambiance, complete with inviting walking paths and picturesque ponds. Best of all, this home's prime location places you just minutes away from Central Florida’s most exhilarating attractions, including the magical Walt Disney World, the thrilling Universal Studios, and a plethora of exquisite dining, shopping, and entertainment options. With its unbeatable combination of comfort, stunning natural beauty, and unmatched location, 307 Balmoral Court is the gem you've been searching for, ready to enchant you and your guests every day!
Source: STELLAR #S5128655
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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.