15411 QUAIL WOODS PL, Ruskin, FL 33573
Seller wants this house SOLD once and for all........ PRICED TO SELL!! TOTAL DECREASE OF 50K on this awesome home! HIGHEST AND BEST (HBO) WILL BE ACCEPTED!!!!!! ****Assumable 2.75 FHA Mortgage. Welcome to your dream home in the Cypress Creek community! This fantastic 5bedroom, 2 1/2 bath house is located in the desirable community of Cypress Creek. You will be blown away from the moment you enter by the dazzling wood floors, tasteful decorator colors and expert attention to even the smallest detail. The perfectly sized living and dining room give way to the kitchen which has granite counters, solid wood cabinets and stainless appliances. The master suite is located on the main floor for ease of use and added privacy. The additional 4 bedrooms are located upstairs and are joined by the spacious loft. Fully fenced backyard. The solar water heater and energy star appliances will help keep the bills low. New Roof and HVAC installed 2024. Entire upstairs carpet replaced with Hardwood flooring 2023. Garage partially converted into additional bedroom/office space. Hot Tub does NOT convey.
You may be able to put down less than the total down payment amount of $129,734 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: #t3541871