15626 AURORA LAKE CIR, Wimauma, FL 33598
This beautiful home is located in the Gated Community of Valencia Lakes, a Premier active 55+ community in the Sun City Center/Wimauma area of Tampa Bay. This lovely villa home is the Isabella Grande model built in 2015. There are 2 Bedrooms, 2 Bathrooms, and 1,541 square feet of living space, with lush landscaping, a water-softening system, and an attached two-car garage. This well-maintained home has an open floor plan, with natural light and ceramic tile. The spacious kitchen features solid wood 42-inch cabinets with pull-out pantry shelves, granite countertops, a beautiful backsplash, and stainless-steel appliances. The Primary en-suite has a large, beautiful bathroom with custom tile work, solid wood cabinets in separated dual vanities, and a roomy glass-enclosed shower. From the open living area, there are large sliding doors that lead to a welcoming and relaxing screened lanai, perfect for enjoying morning coffee, reading a good book, or enjoying evening cocktails. In addition, take advantage of all the activities that are offered at Valencia Lakes. There is a large, multi-functional Clubhouse that features a resort-style pool and spa, fitness center, tennis courts, pickleball courts, an entertainment stage and ballroom, and many interesting social clubs. The community also has miles of sidewalks for walking, a community garden, a baseball field, a doggy park…and a new restaurant in the clubhouse is in the works. Valencia Lakes is convenient to grocery stores, shopping, entertainment, hospitals, and major highways. Tampa International Airport is about 45 minutes away. View the walk-through video and make your appointment to see this beautiful home today!
You may be able to put down less than the total down payment amount of $88,352 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: #tb8301064