5808 111th Ave E, Parrish, FL 34219
3 beds · 2 baths · 2,144 sqft
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.
Source: STELLAR #a4615461
Source: STELLAR #a4615461
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: #a4615461
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.