16249 Vauxhall Dr, Spring Hill, FL 34610
2 beds · 2 baths · 1,260 sqft
An amazing escape from the ordinary, this home in Spring Hill on 0.72 acres is a unique find! This home is perfect for someone looking for a quiet country retreat, to enjoy the cool evening breeze on one of three screened patios, and to pursue their passion in the detached garage workshop and carport. Home was beautifully renovated just a few years ago, with beautiful new floors throughout, with outstanding touches like exposed beams and fresh cabinetry with quartz countertops. Bay windows highlight the living room and breakfast nooks and lets the brilliant outside sunshine cascade into the home providing warmth and coziness. The center island provides plenty of room for home chefs to pursue their passion, while guests will love taking in the game in the living room with statement pieces black flagstone fireplace. The primary bedroom provides access via sliding glass door to the outside patio, perfect for morning coffee or an evening tea. Roof was replaced in 2022, and renovation was completed around that same time. Two washer and dryer hookups, TONS of yard space for a pool and patio, outdoor kitchen, pretty much whatever you can dream up! This home is absolutely amazing and must be seen to be believed. A home with this many features does not hang around long, so make sure to book your showing today!
Source: STELLAR #TB8328138
Source: STELLAR #TB8328138
Source: Public records
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%. 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.
Other resourcesWhat 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.
How can you find assumable mortgage listings?
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 “Get Notified” 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?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.