1563 Pier St, Clermont, FL 34711
4 beds · 3 baths · 2,910 sqft sqft
Fabulous family home in the heart of the rolling hills of Clermont. This home has been lovingly maintained and cared for starting with the new luxury vinyl flooring throughout the lower level of the home. There is a very welcoming presence as soon as you walk in the door. The light and airy feel is very comfortable, and the open floor plan leads you straight to the heart of the home which is the exquisite kitchen. It boasts an oversized granite island and gorgeous granite countertops with an abundance of dark, rich, wood cabinets for all your storage needs. It showcases lovely stone backsplash and all new whirlpool stainless steel appliances. There is a convenient eat in kitchen area which overlooks the family room and the secluded backyard, which could definitely be transformed into a serene oasis with plenty of room for a pool. Just off the kitchen is an air conditioned and heated addition which was recently completed by enclosing a portion of the garage to add an additional room. This room of approximately 275 sq ft is spacious and so very versatile. It could be used as a 5th bedroom, bonus room, music/hobby/theatre room, office etc. The closet inside the room adds to the functionality. The primary bathroom was also recently remodeled to include beautiful tile and a new state of the art rain shower head. One of the best features of the home is the NEW ROOF. It was just replaced in the summer of 2024. The very large and level backyard has endless possibilities especially since it is completely private and fenced in. The location of this wonderful home is so central to everything Clermont, the 'Gem of the Hills' and 'Choice of Champions', has to provide its residents. You have shopping, restaurants, hospitals, schools, major highways, etc. all right at your fingertips. It's a Must See! See it today, call it home!
Source: STELLAR #g5087167
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087167
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #g5087167