637 Bernard Ln Davenport, FL 33837
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About this home
Location! Location! Location! Welcome to this beautiful corner lot dream home located in a a cute and quiet neighborhood with 4 bedroom 2 bath. Close to Disney and theme parks! Also close to shopping,, hospitals schools, ect. This wonderful home is a concrete block construction with stainless steel appliances included. Washer and Dryer available. Upgraded cabinets with an open floor plan living room, dining room, and kitchen. The suite master bedroom is located in the rear of the home wish make it private with the private bath. Also this home has a large foyer, with 2 bedrooms, large closets and a full guess bathroom with a tub. Continue down the foyer hallway to the great room. The Kitchen is beautifully adorned with a tasteful backsplash that compliments the counter tops - A huge walk in closet pantry. Off the kitchen is the laundry room which has plenty of room if you would like additional cabinets. Also Bedroom #4 which could also be used as a study/ home office, playroom, etc. The dining space in the kitchen is large enough for family or friends to gather. Outside of the dining area is a nice covered screened porch for those that enjoy being outside without the bugs ! The back yard is large enough for a pool if you wish and already fenced for privacy. The home also has a 2 car garage. Make your appointment today to see it for yourself
Source: STELLAR #TB8346586
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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.