8955 Fluffy Lie Ct Davenport, FL 33896
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About this home
THIS IS A RARE OPPORTUNITY with an FHA ASSUMABLE MORTGAGE at a LOW 3.125% interest rate, nearly an IMPOSSIBLE RATE to obtain in today's market. Resort-Style Living with Modern Comforts! Welcome to this beautifully maintained 3-bedroom, 2.5-bath home with a spacious loft that's perfect for a home office or additional living area. Built in 2021, this open-concept home offers a light-filled layout, modern finishes, and a 2-car garage. All this is nestled within a vibrant, amenity-rich, gated community, better known as Champions Gate. Enjoy exclusive access to the Plaza Clubhouse featuring a fitness center, two pools, hot tub, sauna, pickleball and bocce ball courts. There's a playground, an outdoor gym, and a full-service restaurant, which as a homeowner here, you'll have a $75 credit every month which is a perfect opportunity for a night out. You’ll also have access to the North Pool, golf club and membership opportunities, as well as the Oasis Clubhouse and Waterpark—perfect for year-round entertainment and relaxation. Community services include: Basic landscaping (mowing, trimming, irrigation checks, and palm tree maintenance). Basic cable and internet with Spectrum, in-home alarm monitoring system, managed gate and guest access, and common area landscaping. This is truly stress free living so don’t miss your chance to live in this exceptional community with top-tier amenities and services. Schedule your private tour today!
Source: STELLAR #O6318048
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Close stress-free in 45 days, handled start to finish by Roam.
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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.