7744 Clove Hitch Way Orlando, FL 32832
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About this home
Welcome to 7744 Clove Hitch Way, a stunning 3-bedroom, 2.5-bathroom townhome in the sought-after Meridian Parks community of Orlando, FL 32832. Built in 2024 and spanning approximately 1,659 square feet, this modern corner unit offers contemporary elegance with clean lines, high-end finishes, and an open-concept layout. Step inside to a bright, airy interior featuring sleek quartz countertops, stainless steel appliances, and stylish black accents in the gourmet kitchen—ideal for entertaining or daily living. The spacious living and dining areas flow seamlessly, enhanced by abundant natural light, chic ceiling fans, and luxury vinyl plank flooring throughout the main level. Upstairs, discover a versatile loft space, three generous bedrooms including a luxurious owner's suite with an ensuite bath and walk-in closet, plus additional well-appointed bathrooms with modern fixtures and tiled surrounds. As a corner unit, enjoy extra privacy and a larger outdoor space with a private patio perfect for relaxation, plus a rear-loading 2-car garage for added convenience. The vibrant Meridian Parks community elevates your lifestyle with a resort-style amenity center featuring a one of a kind pool with a splash park for the kiddos, state-of-the-art fitness center, yoga lawn, amphitheater for events, playground, dog park (Paw Park), event lawn with firepit, outdoor art installations, multiple parks and green spaces, walking trails, and a bike share program. Located in vibrant Orlando, you’re minutes from Lake Nona’s shopping, dining, and top-rated schools, with the added bonus of proximity to Innovation High School—ideal for families. Don’t miss out on this exceptional property in Orlando’s booming market—opportunities like this won’t last long, so schedule your private showing today!
Source: STELLAR #O6335831
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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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