18027 Baywood Forest Dr, Hudson, FL 34667
2 beds · 2 baths · 1,625 sqft
BEAUTIFUL UPDATED VILLA IN HERITAGE PINES, THIS VILLA BOASTS 1625 SQUARE FEET OF LIVING SPACE WITH A SPACIOUS MASTER BEDROOM WITH ENSUITE BATHROOM AND ANOTHER GUEST BEDROOM AND BATH, OPEN CONCEPT LIVING, DINING, KITCHEN AREA, SEPARATE BREAKFAST NOOK, LARGE LANAI AREA THAT COULD EASILY BE CONVERTED TO EXTRA CONDITIONED LIVING SPACE IF YOU SO DESIRED, INDOOR DEDICATED LAUNDRY ROOM, AND A SPACIOUS TWO CAR GARAGE. NEW LUXURY VINYL FLOORING, NEW SOLID SURFACE KITCHEN COUNTERS, BRAND NEW ROOF 4/30/24, A/C NEW IN 2019. ALL FURNISHINGS CAN BE INCLUDED. LOCATED IN A PREMIER 55+ GOLF COURSE COMMUNITY WITH ALL THE AMENITIES: LARGE HEATED SWIMMING POOL, SPA, BOCCE BALL COURTS, FULL SERVICE NEW REMODELED RESTAURANT, DINING ROOM, BAR, WOODWORKING SHOP,TENNIS COURTS, PICKLE BALL COURTS, FITNESS CENTER, CRAFT ROOM WITH TWO LARGE KILNS, LIBRARY, COMPUTER ROOM, BILLIARD ROOM, CARD & GAME ROOMS, AND A PERFORMING ARTS CENTER FILLED WITH ENTERTAINMENT, DANCING AND SHOWS. THERE IS SOMETHING FOR EVERY LIFE STYLE - ACTIVITIES: WATER AND WALK AEROBICS, YOGA, TAI CHI, ZUMBA, CERAMICS, COMPUTERS, SOFTWARE, PINOCHLE,TABLE TENNIS, FABRIC PAINTING. CLUBS: BOOK CLUB, CARD CLUBS, MAH JONGG, BUNCO, QUILTING, REPUBLICANS, DEMOCRATS, SOFTBALL, PET LOVERS, KITTY COALITION, BOWLING, BIBLE STUDY, THEATER, RED HATS, ROMEO MEN'S CLUB, SPORTSMAN'S, DRAMA CLUB. FREQUENTLY, TOURNAMENTS AND PROGRAMS ARE OFFERED TO ENRICH THE LIVES OF THE RESIDENTS. CONVENIENT TO BEACHES, FISHING/BOATING, AND SHOPPING. NOT FAR FROM TAMPA OR CLEARWATER VIA SUNCOAST PARKWAY/VETERANS EXPRESSWAY. DON'T MISS OUT FOR YOUR CHANCE AT FLORIDA LIVING AT IT'S FINEST!
Source: STELLAR #w7864242
Financials
Source: Public records
Source: STELLAR #w7864242
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.