1869 Hovenweep Rd, Wesley Chapel, FL 33543
3 beds · 3 baths · 1,758 sqft
Nestled in a stunning resort-style community, this beautifully designed 3-bedroom, 2.5-bathroom townhome offers both comfort and convenience. With a one-car garage and a two-car-wide driveway, there’s plenty of parking for both homeowners and guests. Step inside to a welcoming foyer that leads into a spacious, open-concept living area. The modern kitchen is a chef’s delight, featuring elegant granite countertops, rich espresso cabinets, sleek appliances, and a walk-in pantry for ample storage. A large sliding glass door opens to the expansive screened lanai, where you can unwind while enjoying serene pond views. Throughout the home, stylish light fixtures and ceiling fans in every room ensure both sophistication and year-round comfort. The open-concept living and dining area is perfect for entertaining or simply relaxing. Upstairs, you’ll find three well-appointed bedrooms and a versatile bonus area—ideal for a home office, playroom, or additional lounge space. The luxurious master suite serves as a private retreat, complete with two walk-in closets and an en-suite bathroom. A convenient second-floor laundry closet adds to the home's functionality. Living in Union Park grants you access to an array of world-class amenities, including a resort-style pool, a heated lap pool, multiple playgrounds, a splash pad, and a dog park. Stay active with a state-of-the-art fitness center, outdoor fitness stations, and a serene Zen garden. The HOA further enhances your lifestyle by covering high-speed internet, cable, lawn care, exterior maintenance, and more. Union Park is an award-winning community that seamlessly blends modern living with leisure. With top-rated schools, shopping, dining, and entertainment just minutes away, this home truly offers the best of both comfort and convenience. A must-see!
Source: STELLAR #TB8364128
Financials
Source: Public records
Source: STELLAR #TB8364128
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.