12316 CORONADO DR, Spring Hill, FL 34609
PRICE REDUCTION - Welcome to your dream home in the highly desirable area of Spring Hill! This stunning 4-bedroom, 2-bath MOVE IN READY residence boasts 2,386 square feet of beautifully UPDATED living space, perfectly situated on a spacious .50-acre lot. The home features beautiful wood-look tile throughout, adding a touch of elegance and easy maintenance to every room. Discover a spacious multi-purpose room featuring a charming wood-burning fireplace, making it perfect for a cozy family room, home office, playroom, guest suite, or a 5th bedroom. The kitchen has been tastefully UPDATED with soft-close cabinets, elegant granite countertops, a central island, and stainless-steel appliances, seamlessly flowing into the dining area. The master suite offers a luxurious retreat with a walk-in closet and an UPDATED en-suite bathroom featuring a granite countertop, double sinks, and a tiled jetted tub. Adjacent to the master is the second bedroom, perfect for use as a nursery, craft room, or additional office space. The guest bath has also been beautifully UPDATED with a granite counter and a tiled walk-in shower. The inviting living room provides ample space for relaxation and entertainment. Bedrooms 3, 4, and the inside laundry room complete the interior space. For those needing extra storage or workshop space, the property includes a 720 square foot detached garage with an additional storage area perfect for a workshop or man cave. The home is equipped with a BRAND NEW 4-ton AC unit and has a 2017 roof. The drain field has been replaced, and the property is a repaired sinkhole, fully insurable for peace of mind. Enjoy proximity to all amenities, including schools, shopping, dining, medical facilities, and recreational activities such as boating, fishing, and nearby attractions. With easy commuting to Tampa and Orlando, and Florida's stunning beaches just a short drive away, this home offers the perfect blend of convenience and tranquility. Don’t miss the opportunity to make this exquisite property your new home today!
You may be able to put down less than the total down payment amount of $200,245 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: #w7867227