928 Royal Oaks Dr Apopka, FL 32703
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About this home
Welcome to 928 Royal Oaks Dr. This 3 bedroom, 2 bathroom home sits on a large corner lot with beautiful mature oak trees for plenty of shade. Inside, there are high ceilings that allow the sunshine to come in and bathe the house with plenty of natural light that gives the house a feeling of bright and airy openness. With the exception of tile in all the wet areas, the flooring throughout is a stylish laminate that gives the house a contemporary and stylish feel. The ROOF was replaced in 2018 as was the WATER HEATER and PLUMBING. The HVAC SYSTEM was replaced in 2020 so all the major house systems are up to date and ready to provide years of uninterrupted service. The Master Bath has dual sinks, a large soaking tub as well as a walk in shower. But wait, there’s more! The Royal Oak Estates community also offers a COMMUNITY POOL as well as TENNIS/PICKLEBALL COURTS so this house truly has it all. Being only minutes to Publix, Walmart, Sam’s Club, downtown Apopka, and Maitland Center makes living here super convenient and with SR429 and the 414 being so close, getting to downtown Orlando or the attractions is a piece of cake. So don’t delay. Schedule your private showing today and get ready to take advantage of this affordable and move in ready home that is waiting to meet it’s new owner.
Source: STELLAR #O6354770
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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.