11272 Stewart Loop, Oxford, FL 34484
4 beds · 2 baths · 2,003 sqft
GREAT FAMILY HOME IN THE BEAUTIFUL NEIGHBORHOOD OXFORD OAKS! This well maintained 4 BEDROOM 2 BATH Putnam model is in the family friendly Oxford Oaks, located right outside of The Villages,FL. Oxford Oaks offers community basketball courts, tennis courts, pickle ball courts and a pool included in your annual HOA fees. You will love this home on a CORNER LOT which gives you a NICE BIG YARD with lots of opportunity to make it your own. The backyard has Plenty of ROOM FOR A POOL, a trampoline, or a nice big garden if that is your preference. LETS GO INSIDE! As you enter the front door, the brick-lay plank tile and high ceilings are just a few of the many features that set this home apart. The kitchen has SOLID WOOD cabinets that provide lots of storage including a hallway pantry, brick-lay tile floors and stainless steel appliances. The dining area is spacious and open to the kitchen and living room area. The master bedroom has a tray ceiling and is spacious with lots of natural light, the walk-in closet is designed with custom closet storage to maximize the space! The master bathroom has his & her sinks, private commode and tiled roman shower. The split floor plan places the guest rooms on the opposite side to the front. Bedrooms 2 & 3 are separated with the guest bath which includes a tub and shower with a tiled shower wall. This area can be closed off for privacy with the pocket door. From the living room you pass through the French doors to enter the lanai. The lanai is not only a great COVERED PATIO but is screened in making it VERY ENJOYABLE in the evenings to grill out with friends or relax reading a nice book after a long days work. If you are looking to purchase your next home in Oxford Oaks, be sure to add this one to your list! Conveniently located near the intersection of 466 and 301, Oxford Oaks is minutes from THE VILLAGES CHARTER SCHOOLS, shopping, restaurants, and grocery stores.. Lake Sumter Landing is 5 miles and Brownwood 7 miles. GET THE FAMILY LOADED UP IN THE MINI VAN AND COME SEE IT FOR YOURSELF!
Source: STELLAR #G5091473
Financials
Source: Public records
Source: STELLAR #G5091473
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.