18713 Bonnie Dr, Spring Hill, FL 34610
4 beds · 3 baths · 2,192 sqft
ASSUMMABLE VA MORTGAGE- 4.1% Interest rate! $470,000 LOAN. Buyers and agents, buyer must qualify with seller's original lender to assume the mortgage. This home is nestled on a 1.22 acre LAKE FRONT lot. The property is fully fenced in, with new SOD, irrigation, and newer landscaping. The interior and exterior have been freshly painted within the last 2 years, along with all the interior fixtures and fans updated. The pool also has a new saltwater system and heater. One of the star features of this property, other than the pool, is the large 35X24 metal building(2018) with electric already hooked up to it, and steel bay doors on both sides. Plenty of room to create a workshop or store all your boats, side by sides and other toys! This neighborhood has no restrictions, and zoned AR, so bring your animals also! Stepping inside the front door, you'll notice and open space for a formal dining and sitting area along with a two sided fireplace leading into the kitchen. The kitchen features solid wood cabinets, granite counter tops, and an "eat-in" space alongside the fireplace. The living room is just off the kitchen, with pool area access through the sliding glass doors. Down the hallway are the 3 guest bedrooms, and guest bathrooms. One of the bathrooms has been renovated and conveniently leads to the pool area. This is a split floorplan, so the primary "wing" is on the opposite side of the home with with walk in closets and large ensuite bathroom, which has also been renovated. Located close to local grocery stores with quick access to the Veterans Expressway or US 19. Roof 2020 AC 2018
Source: STELLAR #w7867364
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7867364
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.
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.
MLS ID: #w7867364
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.