1501 COUNCIL DR, Sun City Center, FL 33573
Welcome to your delightful 2-bedroom, 2-bath home in the vibrant 55+ community of Sun City Center, where comfort and convenience meet! This well-maintained residence boasts a bright and airy Florida room that overlooks a spacious backyard, ideal for enjoying those beautiful Florida days. The kitchen is equipped with sleek stainless steel appliances, making meal prep a breeze. Ceramic tile floors in all common areas ensure easy maintenance and a fresh, clean look throughout the home. Enjoy peace of mind with a BRAND NEW ROOF and HVAC SYSTEM, both installed in 2023! Additional features include a large laundry room with ample storage and a screened and enclosed carport, adding to the home's functionality and ease of living. This home offers maintenance-free living with a LOW HOA fee that includes lawn care, water, and sewer. The community is golf cart friendly and packed with amenities to enhance your lifestyle. Enjoy gorgeous golf courses, a sparkling pool, tennis courts, and a variety of community clubs. Plus, with shopping and restaurants conveniently nearby, everything you need is within reach. Don’t miss this opportunity to experience the best of 55+ living in Sun City Center!
You may be able to put down less than the total down payment amount of $66,094 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: #u8252175