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1531 Wauchula St, Intercession City, FL 33848

2 beds · 2 baths · 936 sqft

Under contract-accepting backup offers. BACK ON THE MARKET AS BUYER WAS NOT ABLE TO SECURE LOAN!!!!!!! TAKE ADVANTAGE OF THIS PRICE DROP!!!$$$$ Welcome Home to this adorable 2BEDROOM/2 BATHROOM POOL HOME! FULLY RENOVATED!!! The eat in kitchen features appliances in place and plenty of storage for all of your favorite kitchen gadgets. The openness of this home gives it a much larger feel. The master bedroom features dual closets and large master bathroom. On the other side of the home there's a guest bedroom with guest bathroom. Enjoy the backyard oasis complete with an in-ground therapy pool with screen enclosure for those hot summer days!! Recently replaced POOL pump and filter. Roof is ONLY 3 years old!!. Conveniently located just a few miles from Reunion/Champions Gate for shopping and entertainment and to Disney exits. See it today! perfect starter home for first time home buyers!!! SELLER MOTIVATED, can ASSIST WITH SOME CLOSING COSTS!! BRING YOUR OFFERS!!!

Location
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Loan details
Home details
Size
936 sqft
Lot size
0.14 acres
Year built
1976
Type
Single Family Residence
HOA dues
$0.00

Source: STELLAR #O6214666

Qualify

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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.

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.

Resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Apr 16, 2025 06:51 am
Listing agent: Alberto Silva (786) 239-8782
Contact listing agent
Listing provided courtesy of: RESILVA REALTY LLC (786) 239-8782
Details provided by STELLAR and may not match the public record.
MLS ID: #O6214666
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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