VA loan
1 of 40
VA loan
$469,000

15718 Heron Hill St, Clermont, FL 34714

4 beds · 3 baths · 2,058 sqft sqft

Welcome to your dream home in the highly desirable Orange Tree community in Clermont, Florida! This stunning 4-bedroom, 3-bathroom property offers the perfect combination of luxury, comfort, and modern amenities, making it ideal for families, vacationers, or anyone looking for a beautiful space to call home. The home's impeccable updates and attention to detail make it stand out as a true gem in Central Florida's real estate market. As you step inside, you'll be greeted by an open and inviting floor plan that seamlessly blends the living, dining, and kitchen areas, creating the perfect space for entertaining. The kitchen, a chef's delight, boasts sleek granite countertops, upgraded wood cabinetry, and ample space for cooking and storage. Whether you're preparing meals for family or hosting guests, this well-designed kitchen will cater to all your culinary needs. The spacious living area features plenty of natural light, making it the ideal spot to relax and unwind. From here, you have direct access to the private backyard oasis—your very own saltwater pool, complete with a solar heater (installed in 2023), offering year-round enjoyment. The pool's screen enclosure, installed in 2023, ensures a clean and comfortable swimming environment, while the saltwater system offers lower maintenance and a more eco-friendly alternative to traditional chlorine pools. With four generously sized bedrooms, there's room for everyone to have their own personal space. The master suite is a true retreat, offering privacy and luxury with an en-suite bathroom that includes a double vanity, soaking tub, and separate shower. Two additional full bathrooms are conveniently located throughout the home to serve the other bedrooms and guests. The home has been meticulously maintained and updated with key features that add both aesthetic appeal and value. A new roof was installed in 2023, ensuring peace of mind for years to come. Additional upgrades like the wood cabinetry in the kitchen and bathrooms, as well as modern light fixtures, elevate the overall look and feel of the home. Situated in the quiet and family-friendly Orange Tree community, this property provides a serene living experience while being just minutes away from major attractions like Walt Disney World, shopping centers, dining, and entertainment options. The community itself offers excellent amenities, including parks, walking trails, tennis courts, and playgrounds, providing a great environment for families and outdoor enthusiasts. This home is not only a perfect place for full-time residents but also offers great potential as a vacation rental property, thanks to its proximity to world-class attractions and its highly sought-after location in the growing Clermont area. Don't miss out on this incredible opportunity to own a beautifully updated home with top-of-the-line features, a saltwater pool, and unbeatable community amenities! Make this Orange Tree gem yours today.

Interest rate 3
2.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,052
With Roam
$1,647
Reduce your monthly payments by $594 when you assume this mortgage.
You also save $190,323 in total interest paid.

$230,543
Edit

You may be able to put down less than the total down payment amount of $230,543 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,058 sqft
Price per sq ft
$247
Lot size
0.28 acres
Year built
2004
Type
Single Family Residence
HOA dues
$42.50

Source: STELLAR #c7498401

Loan
Remaining term
26 years, 8 months
Rate
2.75%
Monthly P&I
$1,052
Remaining loan balance
$238,456

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Oct 30, 2024 10:53 am
Listing agent: Alex Greenwood (800) 896-8790
Listing provided courtesy of: REALTY ONE GROUP MVP (800) 896-8790
Details provided by STELLAR and may not match the public record.
MLS ID: #c7498401
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,052/mo
View details