201 Elm View Ct, Brandon, FL 33511
4 beds · 3 baths · 2,806 sqft sqft
***PRICE IMPROVEMENT*** Welcome home to this spacious and sophisticated home located in the exclusive gated community of Lumsden Reserve. This quaint community was built by the esteemed and award-winning Hyde Park Builders. The first level of this beauty offers an open floor plan and a separate spacious dining area. There's no shortage of storage in this well-appointed kitchen that offers 42” cabinets that are 2 tone white and gray with accenting granite counter tops and breakfast bar. The kitchen also offers 2 walk in pantry/storage closet. Off of the living room you can exit through the french doors onto your covered and screened in 12x9 lanai. There is also a separate garden area for you to enjoy. You will also find a full bathroom and a generous sized bedroom that can be used for a guest room or an office with a bay window to enjoy the outside view. As we transition to the second level you are greeted to a small loft/landing area. As you enter the primary bedroom through the fench doors, you will be amazed by the sheer size of this room. it is currently configured to have a sizable sitting area 15x17, separate sleeping area 10x11 and a MASSIVE walk-in closet that is 10x12. And did i mention, you have your own screened in lanai? This primary suite would be great for a multi-generational household or for the person that just likes to have their own getaway for the rest of the house. The en-suite boasts double vanities, a soaking tub and separate shower. Also located on the second floor are 2 generous sized bedrooms, both with walk in closets. The dedicated laundry room is also located on the second floor. While I have pointed out the spaciousness of the home, let's not overlook the quality of craftsmanship and elegant touches this beautiful home has to offer. Schedule your private tour today. Copy and paste this URL for a quick 90 second video of the property: https://iplayerhd.com/player/video/8f073522-0ac4-47fd-9025-30cc9e964a42
Source: STELLAR #t3549171
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3549171
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: #t3549171
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.