3605 Pershing Ave, Orlando, FL 32812
3 beds · 2 baths · 1,924 sqft sqft
Beautifully remodeled, LAKE FRONT home in the highly desirable Conway area! Enjoy gorgeous views over Lake Anderson from your family room, screened in back porch, pavered patio, or beautifully landscaped backyard. This three-bedroom, two-bathroom home has been updated with an open, inviting floor plan making entertaining a breeze from the open kitchen island into the living and dining areas. The wood burning fireplace adds charm to this home. The HUGE great room/family room can be set up as one big living area or multiple social sections! The home has luxury vinyl plank throughout the main living areas and primary bedroom. The other bedrooms are carpeted. There are multiple storage options from the coat closet to the linen closet to the cedar closet to the built in cabinets in the laundry room to the storage area behind the laundry room to the attic in the garage to the shed in the backyard. Interested in having chickens? The shed can be used for that too! ROOF (2019). Conway is conveniently located between downtown Orlando and the airport. The Orlando Health campus is a 15 minute drive and Lake Nona/Lake Nona Medical City, including the VA hospital, is less than 30 minutes away. The Disney Parks are a quick 30 - 40 minute drive and Cape Canaveral and Cocoa Beach are just under one hour away. Your new home is also close to both the Hourglass District and SoDo District, where you can find trendy restaurants and entertainment options. This beautiful lake house is zoned for Pershing K-8 and Boone High School. <iframe src="https://www.zillow.com/view-imx/ff6d7c84-c60a-4475-a93e-fa55820c16b6?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard" width="640" height="360" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe>
Source: STELLAR #o6238231
You may be able to put down less than the total down payment amount of $0 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.
Source: STELLAR #o6238231
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.
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: #o6238231
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.