1291 Colt Creek Pl, Wesley Chapel, FL 33543
3 beds · 3 baths · 1,673 sqft
This move-in ready townhome built in 2023 boasts all Block construction and a 19x7 covered & screened lanai overlooking a pond! The well-designed floor plan has 3 bedrooms, 2.5 bathrooms, a nice foyer area, lots of storage space throughout, tile throughout the first floor, a half bath located on the first floor, a closet under the stairs, and more! The kitchen boasts granite counters, stainless steel appliances, lots of counter space, center island with room for barstools, and a walk-in pantry. The kitchen overlooks the dining area & spacious living room with 3 sliding glass doors that lead to the lanai where you can enjoy your morning coffee or dining alfresco! The spacious primary suite has 2 closets and an attached bath. The primary bathroom has a large vanity with dual sinks, and a walk-in shower with tiled walls (instead of the fiberglass insert). Bedroom 2 has a walk-in closet and Bedroom 3 has a spacious closet and a nook that is currently being used as a sitting/reading area. The upstairs hallway has a linen closet for additional storage, access to the secondary bathroom with a tub/shower with tiled walls, and the laundry area with a side-by-side washer & dryer with shelving and wall mounted baskets above. There is an attached 1 car garage and a large driveway for 2 more cars. The fees include high-speed internet, cable, lawn care, and access to all the resort style amenities such as 2 community pools, splash pad, fitness center, basketball court, dog park, clubhouse with kitchen available to rent, nature trails throughout Union Park. Located near Hwy 56 and Morris Bridge Rd and convenient to the Shops at Wiregrass, shopping centers, hospitals, numerous restaurants, ice skating center, and so much more!
Source: STELLAR #TB8358534
Financials
Source: STELLAR #TB8358534
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.