18993 Alfaro Loop, Spring Hill, FL 34610
3 beds · 2 baths · 1,786 sqft
Welcome to 18993 Alfaro Loop in the Talavera Community near Land O’ Lakes! Built-in 2019 by the renowned M/I Homes, this stunning Sentinel model combines modern elegance with comfortable living. As you enter, you are greeted by a thoughtfully designed layout. To one side, two bedrooms share a full bathroom. On the opposite side, a versatile den provides the perfect space for a home office, playroom, or additional guest room. The heart of the home is the kitchen in an open setting. It features dark wooden cabinetry, granite countertops, a desired center island for meal preparation or casual dining, and a closet pantry. The kitchen seamlessly flows into the Great Room, which is bathed in natural light and perfect for entertaining. The stainless steel appliances and the island add a touch of modern sophistication. The primary suite is a private retreat located at the back of the home. It boasts an en-suite bathroom with a walk-in shower and a spacious walk-in closet. Dual sliding glass doors in the Great Room lead to the backyard, which is perfect for outdoor gatherings. This property has solar panels, which will be fully paid for by the Seller at closing. These panels offer significant savings on energy bills and add to the home's eco-friendly appeal. Talavera's amenities enhance the community's lifestyle. They feature a resort-sized heart-shaped pool with a splash pad, a clubhouse, tennis and basketball courts, cabanas, and a playground. The neighborhood is designed with sidewalks throughout, making it perfect for strolls. Conveniently located, this home offers quick access to major highways, including I-75, the Suncoast Parkway, SR 52, and US Hwy 41. Don’t miss the opportunity to make this beautiful home yours and enjoy the vibrant Talavera lifestyle!
Source: STELLAR #u8255878
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8255878
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: #u8255878
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