25012 Chipshot Ct, Sorrento, FL 32776
4 beds · 3 baths · 2,800 sqft
Stop your search; you have found your ideal home! This spacious residence features four bedrooms and two and a half bathrooms, situated on a tucked away cul-de-sac with nearly a quarter acre of land (0.23 acres). Noteworthy updates include a brand - NEW roof, NEW luxury vinyl flooring, and a freshly painted exterior. The larger a/c is about 3 years old, and the upstairs unit was replaced in October 2024. Upon entering, you will be greeted by the luxury vinyl flooring that extends seamlessly throughout the home, fostering a cohesive atmosphere. Host gatherings in the formal living and dining rooms or relax in the inviting family room. The expansive eat-in kitchen is perfect for culinary endeavors, offering ample cabinetry for storage and a lovely view of the backyard. The office or den provides a private space conducive to completing work, academic tasks or catching up on your favorite book. Upstairs, you will find a generous sized bonus/flex room, ideal for various uses. The primary bedroom serves as a private retreat, complete with an ensuite bathroom featuring dual sinks, a large walk-in shower, and a walk-in closet. Three additional well-proportioned bedrooms accommodate all your needs. The utility room is conveniently located on the second floor, simplifying household chores. This home also boasts elegant design features, including archways and niches. Step outside to the oversized backyard, complete with a covered patio and vinyl fence. Love where you live with nearby natural parks with sought after springs, trails and nearby access to 429 and 46 to get around town. Don’t miss out on this great home, call today for a showing!
Source: STELLAR #O6290961
Financials
Source: STELLAR #O6290961
Source: Public records
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%. 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.
Other resourcesWhat 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.