9937 Lancewood St Orlando, FL 32817
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About this home
PRICE REDUCE!!! Discover this property of 2-bedroom, 2-bathroom, This house inside you'll be greeted by vaulted ceilings and a skylight that fill the living space with natural light. The master bedroom is spacious and features an ensuite bathroom, providing a private retreat, while the second bedroom is ideal for guess, or an office and have the bathroom outside the room. Roof 7 yrs. and AC 4yrs. Step outside to your own private, fenced backyard, and a patio with complete direct access to sports courts for basketball and tennis and to the picturesque Little Econ River Trail. Enjoy peaceful strolls along the paved path right from your gate, or unwind in your serene outdoor space. Nestled in a tranquil neighborhood, this home is just a short walk from Blanchard Park, offering 84 acres of recreational amenities, including trails, river access for canoeing and fishing, picnic areas, and sports courts for basketball and tennis. Fields at the park accommodate soccer, softball, and flag football, providing endless opportunities for outdoor fun. Additionally, you'll appreciate the proximity to the University of Central Florida (UCF), Waterford Lakes Mall is also nearby, offering a variety of shopping, dining, and entertainment options. With less than an 8-minute drive to the 408, 417, and Colonial Drive, you’ll have effortless access to downtown Orlando, Sanford, Lake Nona, and beyond, making this home ideal. Seize this incredible opportunity to make this beautiful house your forever home!
Source: STELLAR #O6302157
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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.