12433 SHADOW RIDGE BLVD, Hudson, FL 34669
Welcome to your next home in the vibrant community of Hudson, Florida! This charming 3-bedroom, 2-bathroom residence offers a fantastic opportunity for those looking to add their personal touch. This home is nestled in a prime location, making it a valuable find. Step inside to discover a spacious living area filled with potential. The open floor plan provides a flexible layout, perfect for creating your ideal living and entertaining spaces. The kitchen, with its original features, offers a functional workspace and awaits your vision to transform it into a modern culinary haven. The three bedrooms are well-sized, each providing ample closet space and natural light. The master bedroom includes an en-suite bathroom, while the second bathroom is conveniently located to serve the additional bedrooms and guests. Outside, the large backyard presents endless possibilities for landscaping, gardening, or creating an outdoor oasis. The attached garage provides additional storage and parking convenience. Situated in a desirable neighborhood, this home is close to top-rated schools, shopping, dining, and the beautiful Gulf Coast beaches. Enjoy easy access to major highways, making commuting a breeze. This property is perfect for those with a keen eye for potential and a desire to create their dream home in a fantastic location. Don’t miss out on this excellent opportunity to invest in a home with great bones and a prime Hudson address!
You may be able to put down less than the total down payment amount of $154,650 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: #t3539439