10501 PENNY GALE LOOP, San Antonio, FL 33576
Welcome to your dream home in the vibrant Mirada community. This stunning 3-bedroom, 2-bathroom residence with a 2-car garage offers the ultimate in modern living with a touch of tranquility. Boasting a spacious open floor plan, this home provides a comfortable living space, perfect for families and entertaining. This home is conveniently located just a few blocks from the largest lagoon in the US, offering the perfect blend of convenience and leisure. The 15-acre lagoon features a swim-up bar, a tiki bar, kayaks, paddle boards, an obstacle course, inflatables, food trucks, and a retail shop. Just imagine the endless fun and relaxation just steps from your front door. The home is ideally positioned with a picturesque pond view and has a newly installed vinyl fence (added in 2022) for privacy. Enjoy ample golf cart paths, walking trails, a dog park, and a playground, making this community a haven for outdoor enthusiasts and families alike. This Dr. Horton smart home is equipped with state-of-the-art features to ensure a seamless and connected lifestyle. The kitchen is a chef's delight, complete with granite countertops and plenty of space for entertaining. Mirada is located just minutes from the bustling Wesley Chapel area, where you'll have easy access to shopping, dining, and entertainment. Additionally, Tampa Bay Golf and Country Club is only a short 10-minute drive away, perfect for golf enthusiasts. Travel is made easy with Tampa International Airport approximately 30 minutes away and just minutes to I-75 and SR-589. And your grocery shopping couldn't be more convenient with a Publix shopping center located right at the entrance to Mirada. Experience the perfect blend of modern luxury and natural beauty in this exceptional home. Don't miss your opportunity to live in one of Florida's most sought-after communities. Schedule your private tour today!
You may be able to put down less than the total down payment amount of $39,160 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: #u8251330