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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #u8240310
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.