9937 Armando Cir Orlando, FL 32825
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About this home
Seller may consider buyer concessions if made in an offer **WELCOME HOME** This well-maintained Santa Barbara model, built by M/I Homes, has been lovingly cared for by its ORIGINAL OWNERS and offers a wonderful balance of space and convenience! Step inside to an inviting layout with flexible main floor living and dining areas, ideal for both daily living and entertaining. The modern kitchen overlooks the gathering spaces and sliding glass doors open to a SCREENED LANAI, perfect for enjoying morning coffee or evening breezes. The home chef will appreciate the rich cabinetry, desirable STAINLESS STEEL APPLIANCES, pantry storage, center ISLAND with bar seating, plus recessed and pendant lighting. Upstairs, you will find all four bedrooms thoughtfully tucked away for privacy and comfort. Set on a spacious, FULLY FENCED LOT, the backyard offers plenty of room to play, garden, or relax outdoors. You will also appreciate thoughtful updates including a NEW WATER HEATER (2024) and disposal (2024), as well as double-pane windows and easy care TILE FLOORING in the main living areas. Curb appeal comes easy with attractive landscaping and a paver driveway, and bonus - you are just down the street from the COMMUNITY POOL and playground. With LOW HOA fees, great schools, and a prime East Orlando location, Tierra Bella makes commuting a breeze – you are just minutes from Waterford Lakes, Avalon Park, Lake Nona, Downtown Orlando, and major roadways like SR 408, 417, and 528. You will also enjoy the proximity to Valencia College and UCF, making this a smart choice for both families and professionals. Let Tierra Bella welcome you home to a peaceful, well-kept community with everything you need at your fingertips. Call today to schedule a tour!
Source: STELLAR #O6351692
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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.