904 Benjamin Trl Davenport, FL 33837
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About this home
*** 2.25% Assumable VA Loan for qualified buyers *** 5 bedroom, 3.5 bath home on a LARGE LOT in the gated community of Williams Preserve, offering fantastic amenities for a LOW HOA. Stone accents and an 8’ front door give an elegant and inviting first impression. Just inside, a downstairs bedroom and full bath make the ideal guestroom – or use it for your HOME OFFICE or DEN. The open-concept floorplan is ideal for relaxing --- and for entertaining. The fabulous kitchen features a center island, white cabinets, and a walk-in pantry. The generously-sized living room offers even more space to spread out, while the back porch and LARGE, FENCED YARD provide desirable OUTDOOR LIVING areas where your family and friends can enjoy the Florida lifestyle. Upstairs there’s an additional family room –-- perfect for a playroom, game room or media room. The owner’s retreat offers a frameless shower with rain head, dual sinks and a large walk-in closet. A reverse osmosis water purification system adds to the home’s many features. The GATED community with a fabulous pool and playground provides a tremendous value for the LOW HOA fee. All conveniently located with shopping, dining and medical facilities minutes away. Excellent golf courses and the area’s top attractions are also nearby and there’s easy access to I-4, Hwy 27 and 17-92. Room dimensions are approximate: buyers should verify. Don’t let this one pass you by – schedule your showing today.
Source: STELLAR #O6354067
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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.