2429 SILVERMOSS DR, Wesley Chapel, FL 33544
Don’t miss the opportunity to own this beautiful 3 bedroom, 2 1/2 bathroom, 2 car garage home located in the desirable Seven Oaks community of Wesley Chapel. This home has so much to offer with plenty of living space and an additional loft/bonus room upstairs. As you enter the home you will have an office with built-in shelves and french doors to your right. The home offers a half bathroom downstairs for you and your guests' convenience. The large foyer will take you to the kitchen/living room combination. The living room has beautiful built-in shelves for additional storage. The kitchen offers stainless steel appliances, a large pantry, granite countertop and stunning tile on the backsplash. As you exit the sliding glass door you'll be impressed with the large patio and pool area which is fully screened-in allowing you to enjoy your days and evenings relaxing in comfort. The HVAC system is from 2022. The home is freshly painted inside and also freshly painted in the garage. New luxury vinyl plank flooring has also been installed in the living room and office areas. The roof is new in 2024 along with new exterior paint. Your large upstairs loft area is a great additional gathering spot for family and friends As you enter the large primary bedroom you will enjoy plenty of natural light and a large walk-in closet. The en-suite is luxurious with a dual vanity sink, walk-in shower and separate tub. There are two additional rooms on the second floor and a large bathroom which has a dual vanity sink. The Seven Oaks community offers an amazing clubhouse, pools, tennis court area, and trails. Conventiall located by entertainment, shopping, medical facilities and I-75. Schedule your showing today!
You may be able to put down less than the total down payment amount of $193,131 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: #t3553029
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.