18981 Alfaro Loop, Spring Hill, FL 34610
3 beds · 2 baths · 1,508 sqft
Come check out this newer MI built home that offers 3 Bedrooms, 2 Bathrooms and a 2 car garage. You will notice the pride of ownership the moment you pull up to the home and walk in. The beautifully upgraded and resilient home is located in the desirable Talavera community in Spring Hill. This meticulously maintained residence offers 10-foot ceilings throughout, adding an open and airy feel to every room. The heart of the home is a chef's dream kitchen, complete with a spacious island, plenty of storage, granite countertops, a double sink, and modern stainless steel appliances—perfect for meal prep and entertaining. The master suite is a true retreat, featuring a generous walk-in closet and master bath with granite countertops and a stand-up shower. Both the interior and patio were freshly painted in 2024, giving the home a pristine and modern feel. Outdoors, an upgraded covered porch leads to a large backyard, ideal for gatherings or simply enjoying Florida’s beautiful weather. Gutters were added in 2023, adding to the home’s durability, and an irrigation system ensures easy lawn maintenance. The property has also proven its resilience, staying completely dry and damage-free during recent storms. The Community amenities include a community pool, splash pad, tennis, basketball, playground, and club house and right outside the community plenty of options for shopping and dining! With quick access to I-75 and the Suncoast Parkway, US HWY 41 and SR 52 this home offers it all! Don’t miss the opportunity to make this beautiful home yours and enjoy the vibrant Talavera lifestyle!
Source: STELLAR #TB8320751
Source: STELLAR #TB8320751
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.