16321 Treasure Point Dr, Wimauma, FL 33598
3 beds · 2 baths · 1,972 sqft
This home has a 2.25 assumable mortgage, and you can own this house for around $2000 a month! Don’t miss out on this opportunity to be in your new home this year. To add to the excitement, this home has solar panels, and the electric bill is under $30 a month! Stunning 1972 sq foot Solar Home has 3 Bedrooms, a large flex room that can be used as a living room, bedroom, or office, 2 bath 2 car garage home. This highly sought-after resort-style golf cart-friendly community boasts some of the finest amenities in the area. Pride of ownership is very evident in this home. The home has been freshly painted and is also smart home ready. The expansive floor plan boasts a chef's kitchen, complete with stainless steel appliances, granite countertops, and a convenient breakfast bar, all flowing seamlessly into the spacious great room. Perfect for entertaining! When you walk in the house you have a wonderful center hall area with a flex room off to the left that can be used as a formal living room, dining room, or office. The Kitchen overlooks the oversized Great room with space for a dining table for entertaining and adjoining the family room area. The family room has a sliding glass door that exits out onto an oversized patio. The home is set up as a split floor plan. The primary bedroom has an amazing tile shower and dual sinks. The primary bedroom closet has been custom designed. The other two secondary bedrooms are nicely sized. The separate laundry room provides easy access to the laundry room. The home is equipped with storm shutters for lower insurance cost and safety. This home also has solar panels included with the purchase. The solar panels are maintenance free and ensure significantly low energy costs (around $30 a month). The resort-style community boasts a community pool and grill area, club house, cabanas, pickleball, tennis, basketball courts, walking trails, playground, and open space. It is conveniently located to shopping, dining, schools, and world famous Gulf coast beaches. Easy access to I- 75 and 301. Don't miss out on this opportunity to own this beautiful home in a gated resort-style community. A $187,000 ASSUMABLE mortgage at 2.25!
Source: STELLAR #T3533064
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #T3533064
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.
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.
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.
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.