5808 111TH AVE E, Parrish, FL 34219
One or more photo(s) has been virtually staged. ASK ABOUT ASSUMABLE LOAN AT 2.75% WITH A BALANCE OF $230K. Welcome home to this beautiful Atwater/Oasis model in the highly sought after community of Harrison Ranch. This 3 bed/ 2 bath + bonus room home sits on a pond, where you can watch the beautiful sunrise while sipping on your coffee. The upgrades start outside with well-manicured landscaping. This home offers an open floorplan and provides plenty of space for entertaining. The kitchen features stainless steel appliances, granite counters, cabinets with crown molding, and an island that provides extra storage. The backyard has a screened lanai where you can enjoy the beautiful Florida weather and wildlife. There is also plenty of space to add on your own pool. The master bedroom has a large walk-in closet and a master bathroom with dual sinks, water closet, and a walk-in shower. The split floor plan puts the other two bedrooms and bathroom at the other end of the house. There is also a bonus room at the front of the house, which is perfect for a home office/den or could be converted into a 4th bedroom. The home is equipped with hurricane shutters, and an irrigation system with reclaimed water. Recent school rezoning has Harrison Ranch going to a new High School, which opened in 2019. Harrison Ranch offers a 24 hour gym, heated junior Olympic pool, tennis/pickleball/basketball courts, playgrounds, ball fields, and 5.5 miles of beautiful hiking trails. An activity director is also on-site, putting on fun events for young families as well as active adults. Tampa, St. Pete, Sarasota and beautiful beaches are all within 45 minutes, making this a perfect central location. Harrison Ranch offers you a beautiful community and a lifestyle you can truly enjoy.
You may be able to put down less than the total down payment amount of $209,633 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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: #a4615461
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.