11136 Wembley Landing Dr, Lithia, FL 33547
5 beds · 5 baths · 4,509 sqft sqft
HUGE PRICE REDUCTION with a $10,000 PAINT CREDIT!! Welcome to this spectacular home in Channing Park near Fishhawk!! This spacious 5-bedroom, 4 1/2-bathroom home is a lovely home , offers an abundance of space, and a prime location that checks all the boxes for your dream lifestyle. As you step through the welcoming front door, you'll immediately appreciate the soaring ceilings throughout the home. The main floor boasts a sumptuous master bedroom suite, providing unparalleled convenience and privacy. Ascending the stairs to the second floor, you'll discover another generously-sized master bedroom, complete with its own ensuite bathroom. Whether you're hosting guests or looking for the perfect setup for a multigenerational household, this home offers the versatility you crave. The open and inviting floor plan seamlessly flows from room to room, showcasing a large bonus room and media room that are ready for your personal touch. These spaces are perfect for movie nights, game days, or simply unwinding in style. With a split floor plan, this home provides an ideal layout for maximizing privacy and comfort. The 2-car garage, featuring a tandem design, offers plenty of room for your vehicles and storage needs. You’ll be delighted by the expansive front yard and a long driveway that can comfortably accommodate up to 8 cars. Imagine the possibilities for hosting gatherings, playing outdoor games, or simply enjoying the fresh Florida air. The Channing Park Community is a true paradise, featuring a clubhouse with a fitness center, a sparkling pool and spa, a dog park for your furry companions, and a playground, skate park and a basketball court! Whether you're looking to stay active or unwind in style, you'll find it all right here. Additional features of this remarkable home include a tankless water heater, an outdoor patio with gas and water hookups for your dream outdoor kitchen, and proximity to the vibrant shops and restaurants in the Fishhawk area. Situated just 45 minutes away from downtown Tampa, you'll enjoy easy access to the city's cultural attractions, dining hotspots, and entertainment options while relishing the serene suburban lifestyle that Fishhawk offers. (Backyard, virtually staged)
Source: STELLAR #t3470249
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3470249
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: #t3470249
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.