1220 Emerald Hill Way, Valrico, FL 33594
4 beds · 3 baths · 2,204 sqft
Get a free consultation call with an expert in the mortgage assumption process.
** ASSUMABLE RATE OPPORTUNITY OF 2.75% ** Step into this stunning 4-bedroom, 3-bathroom home in the coveted Diamond Hill gated community, complete with an 18-hole golf course and exceptional amenities. This meticulously upgraded home features a 2021 3D SHINGLE ROOF, 2025 HOT WATER HEATER, NEWER AC SYSTEM, and MODERN 2021 KITCHEN APPLIANCES and a Professionally Landscaped front and back yard WITH NEW SOD! The wonderful floor plan offers both a Formal Living Room and a Formal Dining Room, the kitchen is a chef's dream, with sleek stone countertops and updated 42 inch cabinets, the kitchens layout offers an inviting flow into the spacious family room perfect for entertaining! The luxurious primary suite is a true retreat, featuring a spa ensuite bathroom with a soaking tub, shower, walk-in his & her closets and double vanities. Each additional bedroom is generously sized, with access to 3 beautifully appointed bathrooms. This home's upgrades are apparent featuring elegant kitchen backsplash, pendant lighting, a beautiful custom built shelved wall unit and electric fire place, Luxury laminate scratch resistant floors, chair railings, crown molding just to name a few. As you make your way through the main family room you will instantly see the beautiful outdoor oasis featuring a spacious covered lanai, with sliding doors that allow access to the family room and the owners suite. The professional pavers and luscious green landscaping is absolutely refreshing, whether you're relaxing outdoors enjoying a cup of coffee watching the sunrise or entertaining, every corner of this home is designed with you in mind. Located near major roads and highways including I-4 and I-75, a 25 minute drive into Downtown Tampa and Tampa International Airport this property gives you country living with city convenience.
Source: STELLAR #TB8356344
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8356344
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.