16664 Shell Bay Dr, Land O Lakes, FL 34638
2 beds · 2 baths · 1,405 sqft sqft
BETTER THAN A NEW CONSTRUCTION! This move-in ready villa feels just like a brand new home, nestled in "Tampa Bay's Newest Active Adult Lifestyle Community" - Angeline. ** OVER $20,000 IN UPGRADES: Gutters with stainless steel leaf protection, Screened porch for bug-free relaxation, Reverse osmosis and water softener system for pure, clean water, Stylish backsplash in the kitchen and island, High-end fan in the living room for cool comfort, Digital control panels for added convenience. ** HURRICANE-PROOF HOME: No noise, no damage, and no water intrusion during the recent storms! ** DESIGNED FOR ACTIVE ADULTS: This single-story villa boasts two bedrooms, including a private owner's suite with an attached full bathroom and walk-in closet. An open floor plan showcases a stylish kitchen, dining room, and inviting family room, creating a perfect flow for everyday living. Glass sliders lead to a cozy covered and enclosed patio, perfect for your morning coffee or afternoon cocktails. ** WELCOME TO ANGELINE: This vibrant 6,200+ acre master-planned community in Land O' Lakes, FL, offers new single-family homes and villas exclusively for active adults 55+. Residents enjoy a wealth of amenities and a focus on healthy living: Community farm, up to 100 miles of trails, 3,600 acres of green space, Pasco County park, and a LAGOON. Moffitt Cancer Center's new campus is right around the corner! ** A City in the Making: Angeline is a groundbreaking community designed for a healthy and active lifestyle. See attached flyers for additional details. ** Don't miss this incredible opportunity! Contact us today to schedule a showing. ** ASSUMABLE FHA LOAN WITH A LOW INTEREST RATE! **
Source: STELLAR #tb8310856
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8310856
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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: #tb8310856