Sign in to see required down payment for the 2.875% rate
1542 Ormond Ter, Parrish, FL 34219
3 beds · 2 baths · 2,294 sqft
** VA Assumable Loan ** Outstanding Assumable VA-backed mortgage with a balance of $429,000.00. Seller may consider allowing a buyer to assume the loan using their own VA entitlement. The interest rate is 2.3% on the balance. That option would save a potential buyer a significant sum over the life of the loan. Welcome home to this three bedroom, two bath River’s Reach lakefront Beauty! When you walk through the front door, you’re immediately drawn to the open space of the living room and what lies beyond it. The tranquility of the caged pool, featuring the peaceful sounds of a pool side waterfall, and the serenity of the lake just outside. Enjoy this caged paradise in the morning over coffee or tea and all throughout the day, into the evening. Slide open the three paneled pocket sliding glass doors to bring the outside in and enjoy the cross breeze all through the house. The oversized windows in the living room, dining room and kitchen allow for a tremendous amount of natural light inside. There are privacy shrubs taller than the average bear to help you feel like you are in a world all your own. The kitchen is spacious with an abundance of upper and lower cabinets, a pantry closet, island for added counter space and a dining nook that overlooks the pool area and lake. There are high ceilings throughout the house, recessed lighting in the living room, kitchen and den/office and beautiful tray ceiling with crown molding in the living room. The bonus den/office is a nice remote office for those who work from home and can be made private by closing the lovely French doors. There is a carpeted formal dining room and laundry room with utility sink and upper cabinets to store all your laundry needs. The main bedroom has dual walk-in closets, and the ensuite is complete with dual sinks, a garden tub, walk-in shower and access to the pool area, which can be closed off to the rest of the home. The two-car garage has epoxy coated floors, an A/C package system and pull-down attic access. The River’s Reach gated community boasts of clubhouse with pool, hot tub, outdoor BBQ area, wonderful workout facilities and nature trails. ** Noted Improvements ** 2020 A/C; 2021 Water Heater and wood laminate floors; 2022 Hunter Douglas window treatments in LR and kitchen; 2025 Formal dining room carpet and new ceiling fans and lighting through out the home and back porch; STILL TO COME: New Roof, pool pump and pool heater. All this is within a 20-minute drive to dining, shopping, I-75 and the UTC Mall and Waterside.
Source: STELLAR #A4651763
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4651763
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.
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.
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.
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.
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 “Save search” 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.