511 Preserve Pointe Blvd Davenport, FL 33837
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About this home
Welcome to Your Dream Home in Preserve Pointe! PRICE REDUCED! Owner is Motivated, Bring ALL Offers! Built in 2022, this beautifully upgraded meticulously kept custom built 2-story home offers 3 (4th bedroom was made into a Theatre) spacious bedrooms, 2.5 bathrooms, and 2,207 square feet of thoughtfully designed living space. Located in a quiet subdivision with no rear neighbors, you'll enjoy serene pond views and a peaceful tree line backdrop. Step inside and experience the modern elegance of this home, featuring quartz countertops in the kitchen and upstairs bathrooms, Moen faucets, stylish glass mosaic tile backsplash, and contemporary upgraded lighting fixtures. The open concept upgraded kitchen with all stainless-steel appliances and brand-new dishwasher never used, seamlessly flows into the living area, ideal for entertaining. Relax in your expanded covered lanai or retreat to your very own state-of-the-art home theater system, complete with Epson PowerLite Home Cinema 8350 projector, roll-up projector screen, JBL surround sound system, Klipsch bass subwoofer, Pioneer AV receiver. Additional upgrades include Schlage electronic door lock system, Ring video doorbell camera, custom laundry room cabinets, Cascade shades throughout. 2-car garage, with a private fenced yard. Located within walking distance to top-rated schools and only 15 minutes from Walt Disney World and Universal Studios, this home combines luxury, convenience, and location. Don't miss your chance to own this exceptional property in one of the area's most desirable communities!
Source: STELLAR #L4953090
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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.