1212 HORSEMINT LN, Wesley Chapel, FL 33543
One or more photo(s) has been virtually staged. NO HOA for this Modern Beauty. This 3/2 has both formal living and dining rooms. The kitchen has Stainless Appliances and Granite Countertops, High End Gas Range, Breakfast Bar, Pantry and Eat In Breakfast Area. Large Family Room has sliding glass doors that open onto paver patio with fenced in yard and fruit trees. The Primary Bath has Updated Cabinets Double Vanity in Stone Counters, Custom Mirrors and Lighting, a Garden Tub, Separate Shower and Walk In Closet. Primary Bedroom has walk in closet and lots of natural light from large windows. Hall Bath has an Updated Vanity with Stone Countertop and Custom Mirror and Lighting. New Luxury Vinyl Floor was added throught the entire home. Its conveniently located just minutes away from New Land o Lakes Premium Outlet stores and Restaurant row. and is also a quick hope on I-75 and I-275 for access to downtown Tampa, Medical Facilities, Highly Rated Schools and Tampa's International airport. From there is a short drive to the highly acclaimed Beaches of Clearwater and St Pete. Can Close Quickly! NO HOA and Low CDD and Taxes due to its and Pasco County instead of Hillsborough.
You may be able to put down less than the total down payment amount of $195,016 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: #l4945688