12447 Drysdale St, Spring Hill, FL 34609
3 beds · 2 baths · 1,405 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. Looking for a great HOME, NEARBY WITH EXCELLENT FINISH AND COMFORT! Spring Hill is a suburb of the Tampa Bay area and is located approximately 30 miles north of Tampa. This well-maintained and much-loved, renovated 3 bedroom, 2 bathroom home located in a quiet neighborhood near the heart of Spring Hill is perfect for many reasons. Lots of NEW things! New roof in 2022, new AC (2022), new flooring (2023), new exterior paint (2023). A split bedroom floor plan is a little over 1400 square feet but with the vaulted ceilings it feels larger. The kitchen was renovated in 2023 and has new appliances. The unique and spacious master suite and bath complete with his and hers walk-in closets just need you to come express your personal style! On the other side of the home are TWO guest bedrooms, the guest bath has been designed to be a mini oasis! The breakfast nook in the kitchen HAS BEEN CONVERTED INTO A LARGE QUARTZ ISLAND, and the enclosed back porch allows you to enjoy the yard view and the sun without getting too hot. Use your imagination and create the yard of your dreams. If you are looking for a home with great bones and tons of possibilities, THIS IS THE ONE! All serious offers will be considered! This Spring Hill home, while located in a quiet neighborhood, has easy access to the Veterans Parkway (Florida 589) and is close to a variety of outdoor activities such as fishing, boating, and hiking. The area is home to several parks, including Weeki Wachee Springs State Park.
Source: STELLAR #TB8376912
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 #TB8376912
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.