11363 COPLEY CT, Spring Hill, FL 34609
Auction Property. Auction Opportunity! This magnificent 2 Bedroom (w/den) 2 Bath, 3 CAR GARAGE, turn key Pool home will be sold at Auction on September 21st, 2024. Nestled neatly in the magnificent community of Wellington at Seven Hills. Your arrival meets and greets you with a welcome feeling of contemporary design, angled symmetry, finely manicured lawn and that feel good warmth that invites you home. Crossing through the front door you are in the throughs of openness and views of the swimming pool. The spacious layout, Modern GE Appliances, Solid Wood Cabinets, a LARGE Pantry, Vaulted Ceilings and luxury vinyl flooring. The eat-in portion of the kitchen is surrounded by large windows gently leading to the serenity of the outdoors. Access to the 3 Car Garage guides you through the nice size utility room with washer and dryer hookups and a large mop sink. The Master Bedroom is softly carpeted, has a ceiling fan, sliding glass doors leading to the swimming pool. A very nice Master Bathroom with a step-in shower, and a linen closet. The large Master Bedroom features a walk-in closet, comfortable natural lighting and well appointed blinds. The second Bedroom has a comfortable carpeted feeling, vaulted ceiling, ceiling fan and a standard closet. The den has luxury vinyl floors and could easily serve as a home office. The second bathroom has a combo Shower/Tub combination and solid wood cabinetry and mica tops. As you make your way to the Lana, you really enjoy the comfort of this Oak Tree Lined Oversized Lot (nearly 1/2 an acre). The bird caged pool area is floored with very nice pavers and lends to the perfectly sized swimming pool. The Securely Gated Community has many amenities to keep you in an active lifestyle. There is a marvelous clubhouse that has a restaurant, bar & grill, pool table, Library Media Room and more. There is an Olympic Sized Swimming Pool, Fitness Center, Bocce Ball, horseshoes, tennis and more. IMPORTANT TO NOTE; YOUR HOA FEES INCLUDE; Your common area maintenance, residential property lawn care, & Irrigation maintenance, as well as exterior painting AND Roof Replacement....And remember you are in the lovely town of Spring Hill, Florida that puts you close to great access roads, beaches, restaurants, great parks and for goodness sake you are just a few moments away from the Mermaids at Weeki Wachee Springs. NOTE;THE LIST PRICE IS ONLY TO COMPLY WITH THE MLS AND IS THE SUGGESTED STARTING OPENING BID. THE PROPERTY MAY SELL FOR MORE OR LESS THAN THIS PRICE. All measurements are approximate. The Successful Winning Bidder will Be expected to make a down payment of 10% of the hammer price the day of the sale. The remaining balance will be due at closing with closing on or before 30 days from the date of the sale. Good Luck!
You may be able to put down less than the total down payment amount of $86,845 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: #l4944554
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.