12174 Criollo Rd, Spring Hill, FL 34610
3 beds · 2 baths · 1,528 sqft
Under contract-accepting backup offers. MOTIVATED SELLER! BUYER BROKER FRIENDLY! Tucked away in its own slice of Paradise, is the stylish vibrant community of Talavera, offering excellent amenities and exciting resident activities such as a community pool, cabana, basketball courts and tennis courts. This charming 3-bedroom, 2-bathroom home, built by M/I Homes in 2018, exudes warmth and coziness. The open split floor plan is ideal for family gatherings and entertaining guests. Enjoy plush carpeting throughout the living areas and ceramic tile in the kitchen and bathrooms. The kitchen features dark wooden cabinetry, a designer backsplash, black appliances, and a center island, perfect for meal preparation and casual dining. The guest wing includes two bedrooms and a full bathroom, providing a comfortable space for family or visitors. The primary bedroom, located on the opposite side of the home for added privacy, boasts an en suite bath and generously sized walk-in closet. This delightful home in Talavera is ready to welcome its new owners. Don't miss the opportunity to make it yours!
Source: STELLAR #u8247974
Source: STELLAR #u8247974
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: #u8247974