11298 Sagamore St, Spring Hill, FL 34609
7 beds · 6 baths · 3,924 sqft
REDUCED FOR A QUICK SALE! Welcome to Sagamore, a stunning custom-built home from 2006 with a new pool and roof! This luxurious property features 7 bedrooms, 5.5 bathrooms, and a new in-ground saltwater pool. With 3,924 sq ft, it includes 5 ensuites, one being a mother-in-law suite with a fridge, sink, and cooktop. Enter through a tiled foyer with high ceilings and a chandelier leading to a formal living and dining room. The updated kitchen has a breakfast nook with sliding doors to the pool, granite countertops, wooden cabinets, an island with a sink, and stainless steel appliances. The family room is spacious and perfect for relaxing. The first floor has a bedroom with a walk-in closet and an ensuite with a walk-in shower. There's also a laundry closet and a half bathroom for guests. Upstairs, a versatile loft area can be a game room or extra living space with two closets. The hallway leads to two guest bedrooms, each with an ensuite. Bedroom two has dual closets and a tub/shower combo. Bedroom three has a ceiling fan, dual closets, and a walk-in shower. Further down, bedroom four has a standard closet and ceiling fan. Two closets house the A/C systems. Bedroom five also has a standard closet and ceiling fan. The master suite features a tray ceiling, linen closet, two walk-in closets, and an ensuite with split vanities, a garden tub, a toilet closet, and a walk-in shower. Located in the heart of Spring Hill, Sagamore blends luxury with functionality. Don't miss this exceptional property that is priced to sell quickly. Check out the 3-D tour to see more!
Source: STELLAR #t3546017
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3546017
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: #t3546017
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