718 Verona Ave Davenport, FL 33897
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About this home
Short Sale. "SHORT SALE APPROVED" Great Townhome located in the desirable Regal Palms Resort! Townhome is located on Verona Ave. Close to the Clubhouse and Pool. Don’t miss this opportunity to own a vacation home in the resort community of Regal Palms. This fully furnished townhome is turnkey and ready to be called home as a vacation/short term rental or primary residence! This home is close to the amenities, which is extremely important for a successful short term rental property in Regal Palms. This 4 bedroom 3 bathroom townhouse features an open first floor layout. Full master bedroom with an optional lockout entrance/exit on the first floor with on-suite bathroom, Jack and Jill style opening to the bedroom and foyer. Three additional spacious bedrooms upstairs and two full baths. The master bedroom includes an on-suite bathroom with garden tub and nice closet with optional owner’s closet lockout. Updates include: kitchen renovation; appliances; furniture; full interior paint. Regal Palms is ~15-20 minutes to Disney property with astounding amenities: TWO pools, one with a slide, lazy river & zero point entry. Poolside tiki bar, sand volleyball, onsite reception, indoor & outdoor spa, fitness center, sauna/steam room, ice cream shop, game room & NEWLY remodeled on-site restaurant. This gated community has so much to offer and is walking distance to grocery store (Publix), many restaurants, ice cream shop, bank, pharmacy, emergency clinic and much more! All sizes are approximate, please measure for accuracy. All room, home & lot size are estimated, exact measurements and HOA fees.
Source: STELLAR #S5094233
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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.
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