1398 CRESCENT HOOP WAY, Wesley Chapel, FL 33543
Charming Home in Union Park, Wesley Chapel with seller contributing $10,000 towards buyers closing costs. Welcome to 1398 Crescent Hoop Way, a stunning residence nestled in the highly sought-after Union Park community in Wesley Chapel. This beautifully maintained corner home is fully landscaped and situated on a tranquil cul-de-sac. As you step inside, you are welcomed by a bright open concept living area filled with natural light. The kitchen seamlessly connects to the family room and includes a separate dining room. Stainless steel appliances, granite countertops, upgraded backsplash, and a large island perfect for entertaining. The master suite features privacy and comfort, two additional bedrooms provide ample space for family, guests, or a home office. The split floor plan offers versatility and convenience. Outside, the covered extended lanai (19 x 25) with oversized pavers provides the perfect space for outdoor entertaining, offering stunning sunset views and additional living space. The covered patio includes a new oversized hot tub, three dedicated electric outlets, and TVs that stay, ensuring ultimate relaxation. The backyard is enclosed by a vinyl privacy fence, providing a serene and secure environment. The corner homesite is a benefit with only one side neighbor. This like new home, built by DR Horton, features upgraded wood plank and ceramic tile flooring, with no carpet. The widened driveway leads to a two-car garage with an insulated door. Additional security features include a Ring doorbell and installed security cameras. Union Park is an UltraFi community offering resort-style amenities. These include a clubhouse with a community pool, splash pad, fitness center, basketball courts, walking trails, picnic pavilion, playground, dog park, butterfly garden, and various fitness stations. Additionally, the community is conveniently located near top-rated schools. Hernando Jr. College, Advent Health Hospitals, BayCare Hospital, Florida Medical Clinic, Wire Grass Mall, Tampa Premium Outlet Mall, Krate at the Grove, an ice rink, Sam's Club, Costco, a movie theater, and plenty of dining options. It also provides easy access to I-75, I- 275, Tampa International Airport, Downtown Tampa, and Florida beaches. Don't miss the opportunity to make 1398 Crescent Hoop Way your new home. Schedule a showing today and experience the best of Wesley Chapel living in Union Park!
You may be able to put down less than the total down payment amount of $160,322 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: #t3541912
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.