10069 Ivory Dr, Sun City Center, FL 33573
5 beds · 4 baths · 3,777 sqft sqft
ASSUMABLE 2.65 VA MORTGAGE- YES, I said 2.6%!! This home is SOLID and offered peace of mind during the recent storms. This Craftsman-style two-story home has the primary bedroom on the 1st floor! The sellers loved that the park and greenspace are across the street, and their backyard oasis is private with no houses behind. The garage offers 3-car parking with the tandem spot, or use it as a workshop or exercise room as the sellers did. The kitchen, replete with a HUGE pantry and a separate butler's pantry, will not disappoint. Meal prepping is a breeze, and you’ll appreciate the Induction cooktop and Convection oven. The first floor offers ideal entertainment spaces, including a large dining room, a half bath, a large gathering room, a screened lanai, and a beautiful paver patio—perfect for a hot tub and a fire pit! Take the stairs in the center of the home up to the 2nd floor, and like me, be wowed! Without a doubt, the largest bonus space imaginable! Stir in FOUR additional bedrooms and TWO full baths for a massive home built for a family. You’ll also appreciate the thoughtful design of TWO laundry rooms: full-size upstairs and closet-size downstairs. Located in the Belmont community, amenities include a pool, fitness center, walking/bike trails, playgrounds, and tennis courts. Conveniently situated near shops, dining options, and major highways, this home has a REALLY low assumable mortgage and is looking for a new family to enjoy it. The sellers' interests require a move further south.
Source: STELLAR #a4624635
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4624635
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: #a4624635