12833 PALAPA LOOP, Spring Hill, FL 34610
Welcome to your slice of paradise in the coveted community of Talavera! Step into luxury and tranquility with this exquisite 3-bedroom, 2-bathroom haven, where every detail has been crafted with care and elegance. As you enter, be greeted by an open floor plan that seamlessly merges the spacious living room with a gourmet kitchen fit for a culinary connoisseur. Under cabinet lights and LEDs beneath the island illuminate your culinary creations, while ample cabinet space in the laundry room ensures organization is effortless. Unwind in the primary bedroom retreat, featuring a large walk-in closet and an en-suite bathroom boasting his and her vanities and a spacious shower. Every corner of this home exudes comfort and luxury. Entertain in style in the bonus room overlooking the front yard, or retreat to the living room adorned with a graceful tray ceiling. With 8-foot doors all throughout the home, open the tall sliding glass doors and step onto the covered lanai, where cafe lights twinkle overhead, creating the perfect ambiance for alfresco dining or evening relaxation. Outside, discover a fully-fenced backyard adorned with motion-sensor solar lights, offering privacy and security. Rain gutters adorn the exterior, adding both practicality and charm to this exquisite abode. Indulge in the community amenities Talavera has to offer, from the resort-style pool to the playground, basketball courts, tennis courts, and splash pad. Located just north of Tampa, with easy access to major highways and interstates, enjoy the perks of Tampa Bay living while reveling in the peace and serenity of your own little paradise. Don't miss the opportunity to make this dream home yours! Schedule a viewing today and step into the luxurious lifestyle you deserve in Talavera.
You may be able to put down less than the total down payment amount of $192,440 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: #t3526932