11137 Wembley Landing Dr, Lithia, FL 33547
3 beds · 2 baths · 2,029 sqft
Under contract-accepting backup offers. This stunning Channing Park home, featuring the award-winning Pinehurst design built by Taylor Morrison, is ready for a new family! With 3 bedrooms, 2 baths, a den, and a spacious 3-car garage, this beautifully designed one-story home offers over 2,000 square feet of thoughtfully crafted living space. The grand foyer welcomes you with the builder’s signature rotunda, setting the tone for the elegance that flows throughout. Special features include energy-efficient low-E windows, stainless steel appliances, granite countertops, 42” espresso cabinets, water softener, and reverse osmosis system. The open-concept kitchen seamlessly connects to the living room, which boasts a built-in entertainment center and decorative shelving—perfect for both everyday living and entertaining. A formal dining area provides an inviting space for special occasions, while triple sliders in the living room lead to a breathtaking backyard retreat. Outside, you'll find gorgeous, stamped concrete, a custom-built outdoor kitchen, a fire pit with seating and solar lights, and additional storage cabinets—all designed to create an entertainer’s dream space. The luxurious primary bedroom offers a massive walk-in closet, a garden tub, a separate shower, and designer touches throughout, providing a serene retreat within this exceptional home. Beyond the home, Channing Park offers an impressive array of resort-style amenities, including a clubhouse with a fitness area, a resort-style pool, dog parks, a half-basketball court, volleyball court, flex fields, a skate park, and more. With lush green spaces and large home sites framed by pristine landscaping, the community strikes a perfect balance between intimacy and spaciousness. Ideally located just a stone’s throw from the sought-after FishHawk Ranch community off Dorman Road, Channing Park is zoned for top-rated 'A' schools, including Fishhawk Creek Elementary, Barrington Middle, and Newsome High School. Offering the best of both worlds—secluded, peaceful living with quick access to shopping, dining, and entertainment—this home is truly a must-see!
Source: STELLAR #TB8367089
Source: STELLAR #TB8367089
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.