4849 Cypress Woods Dr Apt 1206 Unit 1206 Orlando, FL 32811
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About this home
Welcome to this stunning 3-bedroom, 2-bath condo in the sought-after gated community of Summergate! Thoughtfully updated from top to bottom, this home features a split floor plan, perfect for privacy and comfortable living. Inside, you'll love the new vinyl plank flooring throughout and the stylish, modern finishes. The open kitchen comes equipped with stainless steel appliances, plenty of cabinetry, and a breakfast bar overlooking the spacious living and dining area. The PRIMARY suite offers a large walk-in closet and private en-suite bath, while two additional bedrooms on the opposite side share a second updated bathroom – ideal for families, guests, or a home office. Step outside to your spacious private balcony, perfect for relaxing or entertaining. The unit also includes a laundry room equipped with stackable washer and dryer, a private outdoor storage unit and a designated covered parking space for your convenience. Summergate community offers resort-style amenities including a beautiful pond with a fountain, a large swimming pool, clubhouse, and a fully equipped fitness center — all within a meticulously maintained, gated setting. Situated in a prime location just minutes from I-4, Millenia Mall, dining, and entertainment, this condo offers the perfect blend of comfort, convenience, and lifestyle. Don’t miss this opportunity to own a turn-key home in one of Orlando’s most convenient and attractive communities!
Source: STELLAR #O6343612
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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.