VA loan
1 of 51
VA loan
$408,825

2505 Hillside Ave, Orange City, FL 32763

3 beds · 2 baths · 2,280 sqft

BONUS ROOM could be 4th bedroom! WOW! READY FOR THIS? This renovated well maintained Quality Home is situated on a circular driveway with 2 entrances & TONS of parking! NEW cement RV Parking with a 30 AMP RV plug, trailer and golf cart space. This truly is a MUST SEE! You will NOT be disappointed in this Open Floor Plan, Split Bedroom Spacious Ranch. This Energy Efficient Florida Home offers a TOTAL square footage of 3195, 2280 interior sq ft! Let’s try to get in as many of the NEW items as we can! NEWER (2021 appx) ROOF with 9.6 KW SOLAR. 2024 NEW Hurricane/Low E Windows! AC? NO PROBLEM- NEW 15.5 Seer unit. 2023 New Air Handler Blower motor & UV light. Hot water heater – BONUS 2023 new, it’s a Thermal Energy Efficient one! 2023 continued; NEW irrigation motor pump, NEW whole house water treatment filter system. 2022-2020 NEWS included but limited to, 2 electric panels upgraded and NEW boxes. BOTH porches have newer covering/roof(s). New sod/grass in front & back yards. King size furniture will NOT be a problem for this 14 x 18 Primary bedroom! It will accommodate it perfectly. SPA DAY - this gorgeously renovated ensuite primary bathroom with an exemplary 6 x 5.5 ceramic tiled shower is DELIGHTFUL! NEW shower heads including RAIN SHOWER! Did you ask for a SAUNA? YES - it has its very own private sauna. Imagine that! Nicely sized 11 x 11 bedrooms 2 and 3 with newer laminate flooring, new ceiling fans, new custom made closet doors, including the NEWER remodeled ceramic tiled bathroom will satisfy you. 2022-2020 continues with a KITCHEN RENOVATION –YEP! We have that too! NEW in 2020 Expansive 12 x 14 kitchen with stainless steel appliances, flooring, beautiful cabinetry, quartz countertops, glass tile backsplash and LARGE SIZED pantry. Lovely waterfall accent lighting above cabinets. Adjoining the kitchen is the quartz breakfast bar with seating overlooking the spacious 18 x 20 living room. FAMILY GATHERING will be a MUST with the amount of OPEN SPACE to enjoy company and be able to move around. Natural Light ABOUNDS in the 8 x 15 Florida Room, just a step down from the dining space, allowing for more conversation spaces. AND…… There is an 11 x 8 office with all SOLID WOOD built in shelving, cabinetry and dual desks. Did you need more HOUSE? There is an additional 9 x 14.5 BONUS ROOM! This could be a nursery, library, study or additional bedroom. 27 x 27 oversized FINISHED garage with utility sink, ceiling fans, a mini split AC and electric SKEETER BEATER SCREEN! This home literally has it ALL! Enough to be versatile for hosting, entertaining, living and just relaxing! The Finished Interior Laundry complete w/Washer, Dryer hookup, pantry area with TONS of storage. Lastly, your PARK AVE GOLD THERMOSPA welcomes you to relax, unwind and enjoy your own Little Slice Of Paradise in the privacy of your own backyard. NEWER FULL vinyl fenced yard with a single & double gate, a HUGE NEW shed and ample amount of grassy areas for BBQ’s, Picnics, Cookouts, Games and Playing. Nearby, you'll find a plethora of dining and shopping options in Orange City and surrounding towns making this location a true gem for both comfort and convenience. Be in Downtown Orlando in 30 minutes, Daytona & New Smyrna Beach as well as Downtown Disney, SeaWorld, & Universal Studios, in less than an hour! Embrace a VIBRANT FLORIDA LIFESTYLE with this inviting exquisite single-family home – FOR YOU! Schedule your private tour today! Most work completed 2020-2024

Interest rate 3
2.875%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,009
With Roam
$1,550
Reduce your monthly payments by $541 when you assume this mortgage.
You also save $171,000 in total interest paid.

$185,353
Edit

You may be able to put down less than the total down payment amount of $185,353 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
2,280 sqft
Lot size
0.24 acres
Year built
1995
Type
Single Family Residence

Source: STELLAR #o6259405

Loan
Remaining term
26 years, 4 months
Rate
2.875%
Monthly P&I
$1,009
Remaining loan balance
$223,471

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?

expand content

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: Dec 04, 2024 07:01 am
Listing agent: Christine Zgrabik (407) 607-1196
Listing provided courtesy of: UNITED REAL ESTATE PREFERRED (407) 243-8840
Details provided by STELLAR and may not match the public record.
MLS ID: #o6259405
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.
$1,009/mo
View details