10836 Standing Stone Dr, Wimauma, FL 33598
4 beds · 3 baths · 2,482 sqft
Location. Price. Condition. The 3 most important aspects of buying a new home. Check out how 10836 Standing Stone Dr fits ALL THREE and then some! This two story home with a partially fenced in back yard is ready for the next family to make this house their home. Walking through the front door, the home evokes the familiar center hall colonial style of design with a living room on the left and another living room on the right. The open floor plan wraps around the center of the home blending living spaces and the kitchen seamlessly together. The dual sliding glass doors and large windows allow an excess of light into the home, giving a sense of airiness and brightness. Up stairs are all 4 bedrooms centered around a large landing. The primary bedroom suite features a large walk in closet, walk in shower, soaking tub, dual sinks and a private WC. The 2nd bedroom doubles as an office space with double doors that allow anyone to use this space flexibly. The 3rd and 4th bedrooms straddle the large laundry/utility room and hallway bathroom, each with their own large closets and oversized windows to allow ample sunlight in. The backyard is best reached through either of the dual sliding glass doors of the second living room and through the screened in and covered lanai. The backyard is a blank slate - easy to maintain, easy to fence in for your loved ones... ready for you! Roof (2012), HVAC (2012), and Water Heater (2012) were not impacted at all by the hurricanes this year - and in Flood Zone X the cost to maintain the home should remain lower than surrounding areas! Make an appointment today to check out why 10836 Standing Stone Dr could be your new home!
Source: STELLAR #TB8321107
Financials
Source: Public records
Source: STELLAR #TB8321107
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.