3090 Timber Hawk Cir Ocoee, FL 34761
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About this home
This stunning and spacious 4 bedrooms, 2.5 bathrooms home in the desirable gated Oak Trail Reserve community offers the perfect blend of comfort, style, and efficiency. The bright open floor plan is ideal for both everyday living and entertaining. The modern kitchen features granite countertops, stainless steel appliances, and a walk-in pantry, a dream for anyone who loves to cook and stay organized. Enjoy plenty of storage space throughout the home, a rare feature in newer builds. Upstairs, the primary suite includes an oversized walk-in closet and an inspired bathroom with dual sinks. Three additional bedrooms, a loft, and a convenient upstairs laundry room make this layout both functional and family-friendly. Energy efficiency shines with solar panels that help significantly lower your electric bills. The smart home system integrates control of the A/C, doorbell, and security cameras for added comfort and peace of mind. Enjoy a huge backyard with no rear neighbors, backing to a beautiful conservation area for added privacy and tranquility. Community amenities include a pool and cabana, playground, nature trails, and direct access to the West Orange Trail for biking, jogging, or walking. Conveniently located near shopping, dining, and top-rated charter schools such as Innovation Montessori Ocoee, Renaissance Charter, and Hope Charter. Quick access to major highways, theme parks, and Orlando International Airport. Schedule your private showing today and discover this beautiful home
Source: STELLAR #O6353745
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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.