1836 Silver Star Pl, Ruskin, FL 33570
4 beds · 3 baths · 2,557 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in the heart of the picturesque Spencer Creek neighborhood, this single-story gem offers the epitome of modern living. Boasting 4 bedrooms, 3 bathrooms, PLUS a flex room and 2557 sq ft of luxurious space, it's a home designed for comfort and convenience. The allure of its 2021 craftsman style build is only outmatched by the gorgeous pond view that graces the backyard, a daily reminder of the tranquility awaiting you. Step inside to discover a spacious open floor plan, perfect for both intimate family moments and grand entertaining. The kitchen, with its gleaming granite countertops and an expansive island, is a culinary dream. Enhanced with abundant natural and upgraded lighting, each room in the home is beautifully illuminated, highlighting the interior elegance. The screened-in and extended patio provides a seamless transition to outdoor living, inviting relaxation and leisure. The master suite features a walk-in closet, a luxurious ensuite bath with dual vanities, a walk-in shower, and a private water closet, ensuring a private oasis for the homeowners. One bedroom can double as a second master or in-law suite, adding versatility to this stunning residence. Not to mention the flex room, make this space your own as an office, playroom, or even a 5TH bedroom! Adorned with a gorgeous craftsman style exterior, complete with stone accents and beautiful landscaping, this home is as charming on the outside as it is on the inside. Plus, it comes equipped with safety and convenience features including a ring doorbell and camera, storm shutters, and an electric panel featuring a transfer switch, allowing you to plug a generator directly in, providing peace of mind. With low HOA fees and a neighborhood clubhouse, playground, and pool, Spencer Creek is a community that offers the perfect blend of convenience and luxury. And with close access to top-rated schools, shopping, and dining, everything you need is right at your doorstep. Welcome to your new address, where the home and the lifestyle are equally enchanting.
Source: STELLAR #W7869287
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #W7869287
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.
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.
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.
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.
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.
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.