233 ST THOMAS DR, Mulberry, FL 33860
LIKE NEW CONSTRUCTION without the wait! VA Assumable loan with a 5.25% Interest Rate! Welcome to your dream home at 233 St Thomas Dr in beautiful Florida! This stunning 4-bedroom, 2.5-bath Shelby Model was built a mere 2 years ago by Highland Homes and offers a perfect blend of modern elegance and functional design. As you step inside, you'll be greeted by gorgeous vinyl flooring that flows seamlessly throughout the entire home, providing a stylish and low-maintenance living environment. The heart of the home is the gourmet kitchen, featuring lovely quartz countertops, a spacious walk-in pantry, and ample cabinetry—ideal for both everyday meals and entertaining guests. The open floor plan extends to a cozy living area that opens up to a serene screened-in lanai. Here, you can enjoy your morning coffee or unwind after a long day while appreciating the peace and privacy of having no rear neighbors. The primary suite is a true retreat, offering generous space, a walk-in closet, and a luxurious en-suite bathroom. The additional three bedrooms are thoughtfully designed, with a convenient Jack & Jill bathroom that ensures comfort and privacy for everyone. Situated in a centrally located neighborhood, this home is perfect for anyone looking for both comfort and style. Don't miss the opportunity to make 233 St Thomas Dr your forever home! **Key Features:** * 4 spacious bedrooms * 2.5 modern baths * Stunning quartz countertops in kitchen and all bathrooms * Large walk-in pantry * Vinyl flooring throughout * Jack & Jill bathroom * Screened-in lanai * No rear neighbors for added privacy * ALL key items only 2 years old Schedule a showing today and experience all that this exceptional home has to offer!
You may be able to put down less than the total down payment amount of $136,203 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #l4944926
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.