1708 Abbey Trace Dr, Dover, FL 33527
5 beds · 3 baths · 3,472 sqft
The seller is offering $10,000 toward the buyer’s closing costs and prepaid expenses, subject to lender approval, for any contract that is fully executed before March 31, 2025. This is a fantastic opportunity to reduce out-of-pocket costs and make your home-buying process smoother! This beautiful Stanton model home, built by Mercedes Homes, is in excellent condition and ready for you to move into! With interest rates improving, now is the perfect time to make this home yours just in time for the holidays. This immaculate home features a MEDIA ROOM and GAME ROOM, in addition to FIVE generously sized BEDROOMS. You’ll love the stylish kitchen, complete with 42-inch maple cabinets, granite countertops, a breakfast bar with an island, and a walk-in pantry. The spacious first-floor master suite includes a high vanity, double sinks, a garden tub, and an upgraded tiled shower. The home also boasts abundant storage, with numerous large closets throughout. Enjoy relaxing on the covered, screened lanai that overlooks a large, flat backyard with plenty of space to add a pool if you wish. The property is located on a quiet cul-de-sac with no backyard neighbors and backs up to land owned by Tampa Bay Water (used for monitoring water tables). The home is beautifully landscaped with five large palms, an irrigation system, and a light PVC fence enclosing the yard. The deep three-car garage is equipped with custom shelving to keep all your tools organized. This home is in a gated community with, It’s also in an ideal location for commuters, with easy access to I-75, I-4, Crosstown Expressway, and close to shopping and dining. Don’t miss out on this stunning home! Call today to schedule a tour, rooms measurements are approximate. The landscape now features grass. This home those have Solar Panels
Source: STELLAR #TB8317989
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8317989
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.