11109 WEMBLEY LANDING DR, Lithia, FL 33547
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!!
You may be able to put down less than the total down payment amount of $228,822 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: #t3533908
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.