6582 Meritmoor Cir Orlando, FL 32818
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About this home
** PRICE IMPROVEMENT AT $329,900 ** This property may also qualify for a $5,000 Homebuyer Grant that can be used to reduce the cost of the mortgage.** Welcome to this charming and inviting 3-bedroom, 2-bathroom single-family home, ideally situated in Orlando's desirable Hiawassee Point subdivision. Built in 1990, this one-story residence offers 1,570 sq ft of comfortable living space on a generous 7,652 sq ft lot. Enjoy the benefits of a very LOW HOA FEE, a spacious attached 2-car garage, and an impressive 4-car driveway. Step inside to an open living space, perfect for relaxation and gatherings, which seamlessly connects to a completely renovated kitchen. The kitchen showcases granite countertops, STAINLESS STEEL APPLIANCES, and a stunning granite waterfall island – ideal for entertaining and effortlessly flows into the dining area with sliding glass doors. The owner's suite is large enough to accommodate king size furniture and the bathroom provides a luxurious escape with its elegantly stoned shower. The vaulted ceilings enhance the home's airy, expansive feel. Enjoy peace of mind with a host of recent upgrades, including a full house repipe in 2020, a new digital smart water heater installed in 2024, and hurricane-proof sliding glass door replaced in 2024 for ultimate protection. The garage door screen gives you the added protection from bugs. The fully fenced yard offers privacy for backyard gatherings and a safe haven for everyone and pets. LOCATION, LOCATION, LOCATION! Located in West Orlando, this home provides easy access to local amenities, shopping, dining, and entertainment. Commuting throughout Central Florida is a breeze with close proximity to Hwy 441 and the 408, placing you just a 20-minute drive to downtown Orlando, and 30 minutes to Orlando International Airport and Universal Studios. This property offers the perfect blend of comfort and affordability, making it a great purchase for a first time home buyer or an investment opportunity. Don’t miss your chance to own this fantastic home in a prime location! Schedule your showing today!
Source: STELLAR #O6330532
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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.