11109 Wembley Landing Dr, Lithia, FL 33547
4 beds · 3 baths · 2,547 sqft
** VA ASSUMPTION @ 2.75%** POOL HOME // FISHHAWK SCHOOL DISTRICT- You will love this Channing Park POOL home with a private fenced backyard. The “Rockingham" model boasts just under 2600sqft of living space offering EVERYTHING you're looking for...4 BEDROOMS, 3 FULL BATHS, **PLUS a Home Office, FENCED YARD, **AND an Oversized 3 CAR GARAGE! Step into an Open foyer as your eyes are drawn across the home to a sparkling pool. The grand entrance includes a welcoming living and dining area with high ceilings, LVP flooring and tray ceilings. Adjacent to the foyer you will find a private home office/den. The trendy modern Kitchen offers a vented hood, granite counters, gas range, w/ upgraded fixtures. Large dinette overlooks large backyard and spacious Great room with triple sliders to outdoor patio. Three way split plan accommodates a private bedroom with access to pool bath with large walk-in shower. All bedrooms are generously sized. Your large Master bedroom features sliders to pool & patio, tray ceiling, custom wall color & ceiling fan. Ensuite bath is fabulous his and her sinks, garden tub and dual closets. Your brick patio and large fenced backyard are perfect for outdoor entertaining and family fun. Channing Park is Zoned for top rated schools AND boasts resort style amenities including a heated community swimming pool & spa, state-of-the-art fitness center, community gathering room w/ kitchen, grilling area, dog park, skate park, half lot basketball court, kids play area & flex field. As a bonus, one-half of the CDD debt assessment had been paid by the builder up front which means reduced fees for the life of the property!**SPECIAL HOME FEATURES AND IMPROVEMENTS INCLUDE NEW HOT WATER HEATER, NEW HVAC SYSTEM, NEW LUXURY VINYL PLANK FLOORING, AND SOLAR PANELS with TESLA back-up battery!!
Source: STELLAR #t3533908
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3533908
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: #t3533908
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.