11463 Cavern Rd, Spring Hill, FL 34609
3 beds · 2 baths · 1,381 sqft
BRAND-NEW ROOF 2022!!! MOTIVATED SELLER WILLING TO HELP WITH CONCESSIONS!!! Nestled in the heart of Spring Hill, this charming single-family residence offers the perfect blend of comfort and modern living. This beautiful home features three spacious bedrooms and two well-appointed bathrooms, designed with practicality and style in mind. Step inside to discover a thoughtfully designed interior. The home boasts vaulted ceilings that amplify the sense of space and light, while ceiling fans keep the air circulating for added comfort. The main living areas feature a seamless living room/dining room combination, offering an ideal space for entertaining or enjoying quiet evenings. The master bedroom is a tranquil retreat complete with a walk-in closet and ensuite bathroom, ensuring ample storage for all your needs. The kitchen is a highlight of the home, equipped with solid surface counters and solid wood cabinets, providing both durability and timeless appeal. Appliances, including a range, refrigerator, washer, dryer, and an electric water heater, are all included, making this home move-in ready. Adjacent to the kitchen, a cozy eating space adds convenience for casual meals. The screened-in lanai invites you to soak in the natural light, whether you're enjoying your morning coffee or unwinding after a busy day. The interior's thoughtful design extends to practical touches, such as an inside laundry room. The exterior is equally impressive, with a covered, enclosed, and screened patio perfect for outdoor relaxation, free from the elements. The property sits on a well-maintained 1/4 acre lot, offering just the right amount of outdoor space for gardening or play. A two-car garage provides secure parking and additional storage. Constructed with a durable block and stucco exterior and topped with a BRAND-NEW ROOF 2022, this home is built to last. An irrigation system ensures your lawn remains lush and green, while a private mailbox adds a touch of convenience to daily living. This property offers not only comfort and style but also practicality and ease of living. Whether you are starting a new chapter or seeking a tranquil haven, this home stands ready to welcome you. Make it your own and create a lifetime of cherished memories.
Source: STELLAR #W7870433
Source: STELLAR #W7870433
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%. 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.
Other resourcesWhat 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.