2125 Orchard Park Dr, Spring Hill, FL 34608
3 beds · 2 baths · 1,917 sqft sqft
Wonderful opportunity to own a home in a prime location. Located high & dry with no flood insurance, HOA or CDD required! The seller's FHA mortgage is assumable, the sellers interest rate is a fixed 4.625%. This charming and spacious, 3-bedroom, 2 bath, 2 car garage home with almost 2,000 sqf of living space is nestled on a cul-de-sac with over 1/2-acre of land! The huge rear yard has plenty of room to store a boat or RV boasts beautiful mature and lush landscaping and is fully fenced with quality 6’ white vinyl fencing providing tons of privacy. This split bedroom home has a wonderful floorplan and features a large formal living & dining room, kitchen adjoined by dinette and family room with sliders leading out to the large, covered lanai. The master suite boasts a private bath with his and her sinks, large walk-in closet and also has sliders leading out to the lanai. Both Guest Bedrooms are very gracious in size and are serviced by the guest bathroom. This home also features an inside laundry and spacious garage with sliding garage screen doors. Centrally located in the heart of Spring Hill. with easy commutes to all the Tampa Bay area! Close to shopping, recreation, restaurants, medical and parks. This quiet neighborhood ensures a peaceful and private setting! Call for a viewing today!
Source: STELLAR #u8240310
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8240310
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: #u8240310