11081 Montcalm Rd, Spring Hill, FL 34608
3 beds · 2 baths · 1,518 sqft
Come check out this 3-bedroom, 2-bathroom block home, built in 2005, situated on a spacious, fenced-in lot in central Spring Hill. This fully solar-powered home features a newer roof (2021) and AC (2020), keeping utility bills nearly non-existent! This 3 bedroom split floor plan has a primary bedroom with a private ensuite, complete with a walk-in shower and a large walk-in closet. The kitchen is super spacious with a breakfast bar and an open concept into the living room. The back of the 2-car garage has been converted into a versatile room currently housing the washer and dryer. It can easily be reverted back if desired, or kept as a spacious laundry room, mudroom, or extra storage area which is safe from the heat. You can enjoy Florida's weather on your oversized covered lanai which leads to your spacious double-fenced in yard that has tons of potential - it just needs a little love! Solar panels will be paid off at closing with the right deal, meaning NO MONTHLY PAYMENTS OR ELECTRIC BILLS, just savings! The property is located in a convenient location with Publix, Winn-Dixie, Walgreens, gas stations, fast food options, and various other service businesses all within a mile. Springstead High School is just 1.2 miles away, and the Suncoast Parkway is accessible in approximately 10 minutes. Home has been deep cleaned since the pictures were taken. Repaired Sinkhole Property with reports - fully insurable.
Source: STELLAR #tb8324236
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8324236
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.
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.
MLS ID: #tb8324236